mod 9

• De Minimis Value


  No duties and taxes shall be collected on goods with an FOB or FCA value of ten thousand pesos (P10,000.00) or below
• Adjusting the de minimis value

  1. The Secretary of Finance shall adjust the de minimis value as provided herein every three (3) years after the effectivity of this Act

  2. The value herein stated shall be adjusted to its present value using the CPI, as published by the PSA
• Duty of customs officer tasked to assess imported goods


  The customs officer shall classify, value, and determine the duties and taxes to be paid<|>The customs officer shall prepare and submit an assessment report as established under this Act
• Tentative assessment of goods subject to dispute settlement

  Assessment shall be deemed tentative if the duties and taxes initially assessed are disputed by the importer<|>The assessment shall be completed upon final readjustment based on the tariff ruling in case of classification dispute, or the final resolution of the protest case involving valuation, rules of origin, and other customs issues<|>The District Collector may allow the release of the imported goods under tentative assessment upon the posting of sufficient security to cover the applicable duties and taxes equivalent to the amount that is disputed
• Tentative assessment of provisional goods declaration

  Assessment of a provisional goods declaration shall be deemed tentative and such assessment shall be completed upon final readjustment and submission by the declarant of the additional information or documentation required to complete the declaration within the period provided in Section 403 of this Act
• Readjustment of appraisal, classification or return

  1. Such appraisal, classification or return, as finally passed upon and approved or modified by the District Collector, shall not be altered or modified in any manner, except:

  2. Within one (1) year after payment of the duties, upon statement of error in conformity with Section 912 of this Act, as approved by the District Collector

  3. Within fifteen (15) days after such payment, upon request for reappraisal or reclassification addressed to the Commissioner by the District Collector, if the appraisal or classification is deemed to be low

  4. Upon request for reappraisal and/or reclassification, in the form of a timely protest addressed to the District Collector by the interested party if the latter should be dissatisfied with the appraisal or return

  5. Upon demand by the Commissioner after the completion of compliance audit in accordance with the provisions of this Act
• Assessment of duty on less than entered value

  Duty shall not be assessed in any case upon an amount less than the entered value, unless by direction of the Commissioner in cases when the importer certifies at the time of entry that the entered value is higher than the dutiable value and that the goods are so entered in order to meet increases made by the appraiser in similar cases then pending re-appraisement<|>The lower assessment shall be allowed only when the importer's contention is sustained by a final decision, and shall appear that such action of the importer was taken in good faith after due diligence and inquiry
• Final assessment


  Assessment shall be deemed final fifteen (15) days after receipt of the notice of assessment by the importer or consignee