HB09322: AN ACT AMENDING SECTIONS 102, 104, 119(b), 201, 209, 307, 402, 407, 423, 427, 431, 800(g), 802, 806, 900, 1100, 1111, 1117, 1118, 1129, 1131, 1135, 1138, 1141, 1147(a), 1204, 1226, 1400, 1505 AND 1512; REPEALING SEC. 709; AND ADDING SECTION 440-A ALL UNDE
This bill proposes extensive amendments to various sections of Republic Act No. 10863, or the "Customs Modernization and Tariff Act" (CMTA). Key changes include providing a classification system for third parties involved in customs transactions based on their capabilities, requiring private auction houses for Bureau of Customs (BOC) public auctions to minimize collusion, and establishing pre-shipment inspection for containerized cargoes based on risk parameters. It also mandates common carriers to declare the value of imported goods in shipping documents to deter fraudulent alterations, ensures effective control over Customs Bonded Warehouses (CBWs) and Container Freight Warehouses (CFWs), simplifies alert orders and warrants of seizure, and clarifies the requirements for documents from vessels arriving from foreign ports.
The significance of this bill for the Filipino people is tied to improving trade facilitation, enhancing government revenue collection, and combating smuggling and fraudulent activities. By streamlining customs procedures, ensuring proper valuation of imported goods, and strengthening oversight over third-party logistics providers and bonded warehouses, the bill aims to create a more transparent and efficient trade environment. This can lead to fair competition for local industries, increased tax revenues for government services, and a reduction in the entry of illicit goods, ultimately benefiting consumers and the national economy.