The Basics of the Customs and Tariff Commission

TLDRThis video provides an overview of the Bureau of Customs and the Tariff commission, their powers, functions, and organization. It also covers the Customs Modernization and Tariff Act and its provisions in relation to their roles.

Key insights

📚Understanding the history and evolution of the customs laws in the Philippines is crucial in comprehending the current Customs Modernization and Tariff Act (CMTA).

⚖️The Bureau of Customs and the Tariff commission have powers and functions related to Customs and Tariff administration, respectively.

🌍The Customs Modernization and Tariff Act (CMTA) was passed to align Philippine Customs procedures and practices with international standards, particularly the Revised Kyoto Convention.

📜The CMTA consists of 315 sections and 43 chapters, covering various aspects of Customs administration, tariff, and procedures.

📅The CMTA was passed on May 30, 2016, and officially published on June 1, 2016. It took effect 15 days after publication.

Q&A

What is the significance of the Customs Modernization and Tariff Act (CMTA)?

—The CMTA is a comprehensive law that modernizes and harmonizes Customs procedures in the Philippines, aligning them with international standards and best practices.

What is the role of the Bureau of Customs?

—The Bureau of Customs is responsible for the collection of duties and taxes on imported goods, as well as enforcing Customs laws and regulations.

What is the role of the Tariff Commission?

—The Tariff Commission is responsible for implementing and recommending tariff rates and related policies to promote fairness and economic development.

How many sections and chapters are there in the CMTA?

—The CMTA consists of 315 sections and 43 chapters, covering various aspects of Customs administration, tariff, and procedures.

When did the CMTA take effect?

—The CMTA took effect on June 16, 2016, 15 days after its publication on June 1, 2016.

Timestamped Summary

00:00Introduction to the Bureau of Customs and the Tariff commission and the importance of understanding their powers and functions.

05:49Overview of the history and evolution of customs laws in the Philippines.

13:06Explanation of the Customs Modernization and Tariff Act (CMTA) and its role in aligning Philippine Customs procedures with international standards.

17:25Description of the structure of the CMTA, including the number of sections and chapters.

19:48Significant dates related to the passage and implementation of the CMTA.

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