CAO 11-2020 Flashcards
(12 cards)
shall refer to the permit issued by the District Collector authorizing the DFPC warehouse to operate as a customs bonded warehouse.
Authority to Operate -
shall refer to a Filipino citizen who has been continuously out of the Philippines for a period of at least one (1) year, a Filipino overseas worker, or former Filipino citizen and his or her family, as defined under Republic Act No. 9174, who had been naturalized in a foreign country and comes or returns to the Philippines.1
Balikbayan
shall refer to a document issued by the DFPC operator authorizing the entry to DFPC stores of locally manufactured goods as stipulated in Section 90(b) of Republic Act No. 9593.
Bring-In Permit -
shall refer to a person who does not normally reside in the Philippines either as a tourist or visitor.
Foreign Individual Traveler -
shall refer to the statements made in the Single Administrative Document (SAD) covering goods to be entered under warehousing procedures where a security is posted to secure the payment of the duties and taxes due and the legal permit for withdrawal has been granted.2 The DFPC shall lodge goods declaration thru the Value-Added Service Provider.
Goods Declaration for Warehousing
Duty Free Philippines Corporation (DFPC) - shall refer to the corporate entity created out of DFP pursuant to Republic Act No. 9593.
Duty Free Philippines Corporation (DFPC) -
shall refer to a warehouse accredited by the Bureau operated by DFPC which shall be used exclusively for receiving, storing and safekeeping of imported duty and tax-free goods and as the principal transfer and distribution point of all goods for sale in all duty-free stores throughout the country.”
Main Bonded Warehouse
shall refer to a Filipino citizen who regularly goes out of the Philippines as a tourist or visitor of another country for less than a year and always returns back to the Philippines.
Regular Filipino Traveler -
shall refer to any form of guaranty, such as a surety bond, cash bond, standby letter of credit or irrevocable letter of credit, which ensures the satisfaction of an obligation to the Bureau.5
Security
shall refer to an electronic document wherein goods, in its original form, are transported under customs control from one customs office to another, or to a free zone.
Transit Single Administrative Document (TSAD)
shall refer to any person who temporarily enters the territory of a country in which he or she does not normally resides (non-resident), or who leaves that territory, and any person who leaves the territory of a country in which he or she normally resides (departing resident) or who returns to that territory (returning resident),6
Traveler -
shall refer to a document that accompanies the transfer of cargo to a Customs Bonded Warehouse (CBW) and serves as proof of delivery or receipt of the article at its intended destination duly acknowledged on its face by the customs official stationed thereof. It is also commonly referred to as a “boat note” 7
Transfer Note
