OBJECTIVES:

1.    To implement the Automated Bonds Management System (ABMS) on Re- Export Bonds in all Customs Ports.
2.    To provide a detailed instruction to declarants, brokers, importers, Accredited Value-Added Service Providers (VASPs), surety companies and BOC personnel on the customs processes to be observed under the Re-Export Bond of the ABMS.
3.    To reiterate previous related Memoranda and Circulars on the same subject.

SCOPE:

1.    This  Order  shall  apply  to  all  bonding  companies  accredited  pursuant  to Customs Memorandum Order No. 22-2003.

GENERAL PROVISIONS:

1. REGISTRATION,    ACTIVATION AND DE-ACTIVATION OF CPRS ACCOUNT OF SURETY COMPANIES:

1.1 All Surety Companies accredited pursuant to CMO 22-2003 shall file a one-time registration with the Client Profile Registration System (CPRS) of the Electronic to Mobile (E2M) Customs System.
1.2 Pursuant to CMO 22-2003 and CMO 14-2012, the Collection Service shall cause the activation of the account of registered Surety Companies which are granted quarterly Authority to Transact Business as Surety (ATBAS) with the Bureau or de-activation thereof if the Surety fails to renew the same or when its application fails to meet the requirements of the Bureau.

2.    FILING OF TEMPORARY IMPORT ENTRY DECLARATION:

2.1 In the filing of Temporary Import Entry Declaration by the Importer only under the procedure 5300/000(5A) of Box 37 of the Import Entry Declaration for Re-export Bond as Terms of Payment (TOP) as provided in Annex A, CMC 115-2015 shall be used.

2.2 The concerned Customs Examiner shall ensure that the proper code shall   be   used   and   the   Temporary   Import   Entry   Declaration  is accompanied by the appropriate Tax Exemption Certificate (TEC) issued by the Department of Finance.

2.3 Re-filing of entry and Re-export Bond, if Bond posted is insufficient, and/or any inconsistency on the entry.

3.    FILING OF EXPORT ENTRY FOR LIQUIDATION OF RE-EXPORT BOND:

3.1 Processing of Export Declaration as provided in Annex B of CMC 115- 2015 shall be used.

EFFECTIVITY:

This Order shall take effect immediately.