News Snapshot:
The Bureau of Customs has prescribed rules for the clearance of goods under the informal entry process Customs Administrative Order No. 02-2021 aims to segregate importation of personal and household effects and other qualified non-commercial goods, not intended for sale and commerce, from commercial importation of highly dutiable goods intended for commercial purposes CAO 02-2021 applies to all imports cleared through the informal entry process, whether or not subject to payment of duties and taxes The new order does not apply to accompanied baggage, de minimis importations and relief consignments, which will be covered by their respective regulations The Bureau...
