Export of exhibition goods sans tax OK’d in ATA mode

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The story "Export of exhibition goods sans tax OK’d in ATA mode" was covered 2 days ago by Business Mirror, a news publisher based in Philippines.

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Export of exhibition goods sans tax OK’d in ATA mode - Business Mirror

Quick Summary:

TWO years after the Bureau of Customs (BOC) ordered the implementation of the ATA Carnet system, the BOC and the Philippine Chamber of Commerce and Industry (PCCI) launched last Monday the system to temporarily allow the importation and exportation of exhibition goods sans payment of taxes or duties.

The implementation of ATA Carnet will simplify the process by presenting some documents to the BOC and securing a guarantee from the Chambers of Commerce of each country.

Consumable items, giveaway goods, alcoholic beverages, tobacco, fuels, items to be processed or repaired, unmounted gems or gemstones and items already sold are not covered by the ATA Carnet.