- Rules and Regulations Governing the Simplified Export Procedure for BOI-Registered Enterprises
- Executive Order No. 286
January 27, 1971
EXECUTIVE ORDER NO. 286
DIRECTING GOVERNMENT AGENCIES CONCERNED TO EXPEDITE THE FULL IMPLEMENTATION OF THE SIMPLIFIED EXPORT PROCEDURE FOR BOI-REGISTERED ENTERPRISES UNDER REPUBLIC ACT NO. 6135 OR EXPORT INCENTIVES ACT
WHEREAS, there is an urgent need to accelerate exports of services and manufactures; and DICcTa
WHEREAS, simplification of the procedure for exports of registered export, producers, registered service exporters, and registered export traders is urgently needed to expedite exportation as an added incentive to these registered enterprises under
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by Section 15 of
This Order shall take effect immediately.
DONE in the City of Manila, this 27th day of January, in the year of Our Lord, Nineteen Hundred and Seventy-One.
RULES AND REGULATIONS TO EXPEDITE AND SIMPLIFY THE EXPORT PROCEDURE FOR EXPORTS GOVERNING EXPORT PRODUCERS, EXPORT TRADERS, AND SERVICE EXPORTERS REGISTERED WITH THE BOARD OF INVESTMENTS UNDER REPUBLIC ACT NO. 6135
A. "ACT" shall mean the Export Incentives Act or Republic Act No. 6135.
B. "BOARD" shall mean the Board of Investments.
C. "SIMPLIFIED EXPORT PROCEDURE" shall mean the reduction exclusively for BOI-registered exporters under R.A. 6135 of the existing pre-exportation steps currently being undergone by exporters, from thirteen (13) to three (3) basic steps.
D. "REGISTERED EXPORTER" shall mean an export producer, export trader, or service exporter registered with the Board of Investments under the Act.
E. "REGISTERED EXPORTABLE PRODUCTS OR SERVICES" shall mean the exportable products or services specified in the Certificate of Registration issued by the Board under the Act to the registered exporter.
F. "EXPORT PERMIT" shall mean the new export document on Central Bank E.D. Form 102 R which authorizes the registered exporter to actually engage in the exportation of registered exportable products or services declared in the said Export Permit.
G. "PTS" shall mean the Philippine Standard Trade mark given by the Bureau of Standards with respect to standardized products.
Applicability of the Simplified Export Procedure
A. The simplified export procedure shall apply only to a registered exporter as defined in Rule 1 (D) above.
B. The simplified export procedure shall apply only to registered exportable products or services as defined in Rule I (E) above.
A. The registered exporter shall be exempt from filing the Report of Foreign Sales on Central Bank E.D. Form No. 101.
B. In lieu of the existing export License on Central Bank E.D. Form No. 102, the registered exporter shall apply for an Export Permit with an authorized agent bank of the Central Bank on CB E.D. Form 102 R. There shall be seven (7) copies of each export permit to be distributed as follows: the original and one copy to the Export Coordinating Department of the Bureau of Customs; two copies to the Central Bank to be submitted as prescribed in existing Central Bank regulations; one copy to the registered exporter; and one copy to the agent bank; one copy to the shipping agent.
C. The commodity clearance of registered exportable products shall be done semestrally or annually by the proper agency, Provided, however, that registered exportable products that are handicrafts shall continue to be cleared or inspected by the National Cottage Industries Development Administration prior to each exportation of the same, until such time as the NACIDA shall have developed its system of semestral or annual clearance.
1. If the registered exporter has a PTS marking from the Bureau of Standards, for those of its registered and standardized exportable products, the same shall constitute the annual commodity clearance for the said registered exportable products.
2. If a registered exporter does not yet have a PTS for its registered and standardized exportable products, the Board shall require that such a firm apply with the Bureau of Standards for a PTS within six (6) months after its registration with the Board. Until such time as the said PTS is actually granted, the commodity clearance shall be done on a semestral basis.
D. The registered exporter shall be exempt from filing the Export Entry or Bureau of Customs Form No. 25.
E. The registered exporter shall be exempt from BIR clearance prior to each exportation.
F. The payment of wharfage by the registered exporter for the exportation of its registered exportable products shall be no longer paid prior to each exportation. The said payment of wharfage shall instead be automatically deducted from the tax credits accruing to the registered exporter after each exportation.
The Simplified Procedure
A. Upon approval of the Export Permit by the authorized agent bank, the original and a copy of the same shall be forwarded by the authorized agent bank directly to the Export Coordinating Department of the Bureau of Customs. The copies for the Central Bank shall be submitted as prescribed by the Central Bank. No further processing of the Export Permit shall be done by the Export Coordinating Department of the Bureau of Customs, except to authorize the loading of the registered exportable products, which authorization shall be granted by the Deputy Collector of Customs or his official representative and shall involve only his signature. The customary Commercial Invoice, and the annual or semi-annual Commodity Clearance document together with the Export Permit authorizing actual loading of the registered exportable products, shall be forwarded by the Export Coordinating Department to the Customs Inspector.
B. The registered exporter shall pay the arrastre charges prior to actual loading of the registered exportable products.
C. The registered exporter shall load the registered exportable products in the presence of the Customs Inspector to whom the Commercial Invoice, the Commodity Clearance, and the Export Permit of the said registered exporter shall have been previously forwarded. The Customs Inspector shall have no authority to inspect or open the goods being loaded, except in the case of goods destined for Hongkong. TCDcSE
Repatriation and Liquidation of Foreign Exchange Proceeds from Exports
A. Foreign exchange proceeds from extorts shall be received in foreign currency acceptable to form part of the International reserves and shall be repatriated and liquidated in accordance with Central Bank regulations.