THE Department of Finance (DOF) has put the Committee for Pre-border Technical Verification in charge of ensuring that “no unregulated commodity” enters the Philippine market. This statement came on the heels of the issuance of Administrative Order (AO) No.
THE Department of Finance has put the Committee for Pre-border Technical Verification in charge of ensuring that “no unregulated commodity” enters the Philippine market.
“I expect full cooperation from the members of our newly-formed Committee and look forward to working with them closely to ensure that no unregulated commodity slips past our borders,” Recto said. “This initiative is another significant step towards achieving a fully digitalized border protection system in the country where no import goes by unnoticed and unaccounted for. This will certainly go a long way in putting an end to smuggling, misdeclaration, and undervaluation,” Recto said.
The accreditation of such TIC Companies shall be in accordance with the guidelines to be issued by the Committee, which shall be competitive, transparent, and in compliance with international trade standards, as well as existing laws and regulations.
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