GTEB Circular No. 012 (1989)

(NAR) VOL. 1 NO.1 / JANUARY - MARCH 1990

[ GTEB CIRCULAR NO. 012, July 24, 1989 ]

CLARIFICATION ON C.B. CIRCULAR 1174, SERIES OF 1988

1. The subject Circular states that importation of commodities listed in the Annex to said Circular shall no longer require the prior approval of the concerned government agencies indicated therein, namely, the Board of Investments (BOI) and the Garments and Textile Export Board (GTEB) in the case of fabrics and textiles.

2. To answer questions as to whether or not import authorization from the above cited agencies shall be dispensed with in all cases, regardless of mode of importation and including instances when goods are to be imported under bond or when the corresponding taxes and duties are to be paid, the following shall be the requirement: REQUIREMENTS FOR REQUIREMENTS FOR IMPORTATION IMPORTATION UNDER BOND WITH TAXES & DUTIES PAID Endorse by Mode of GTEB Import GTEB Import Endorsement by GTEB to Importation Authority Authority GTEB to SGS SGS Letter of Credit X - - - Documents Against X X - X Acceptance Open Account X X - X Consignment X X X X No $ Import (more X X X X than) P10,000.00 Please be guided accordingly. Adopted: 24 July 1989

(SGD.) GLORIA M. ARROYO Executive Director Effective: 30 September 1989Source: Supreme Court E-Library