The Philippines gears up the ATA Carnet implementation to boost economic recovery. The Carnet System grants temporary admission of goods with relief from duties and taxes, simplifying Customs processes. It will particularly benefit the industries in the Tourism Sector, i.e., Meetings, Incentives, Conferences, and Exhibitions (MICE), in cost reduction and simplification of processes for ease of doing business.
The Bureau of Customs (BOC) issued the rules and regulations implementing the system, including the National Issuing and Guaranteeing Association (NIGA) appointment and its duties through CAO 2-2022. Guidelines on the temporary admission include the, i.e., validity period, security and issuance of the Carnets, guarantee and liability of the appointed NIGA, re-exportation rules, payment of claim and refund, goods eligible, and termination of temporary admission following the mandates under the Istanbul Convention.
Further, in coordination with the appointed NIGA, BOC shall establish an IT system to monitor, verify, and facilitate the status of goods temporarily admitted under the Carnet System.
Implementation of the ATA Carnet System is set on 17 April 2022 following the 90 days ruling upon the deposit of the instrument of accession. However, the International Chamber of Commerce (ICC) clarified that it is technically to start upon the BOC’s issuance of the Letter of Appointment (LOA) to the appointed NIGA. MRJ