GTEB CIRCULAR NO. 012, July 24, 1989
CLARIFICATION ON C.B. CIRCULAR 1174, SERIES OF 1988
National Administrative Register July 24, 1989
1. The subject Circular states that importation of commodities
listed in the Annex to said Circular shall no longer require the prior
approval of the concerned government agencies indicated therein, namely,
the Board of Investments (BOI) and the Garments and Textile Export
Board (GTEB) in the case of fabrics and textiles.
listed in the Annex to said Circular shall no longer require the prior
approval of the concerned government agencies indicated therein, namely,
the Board of Investments (BOI) and the Garments and Textile Export
Board (GTEB) in the case of fabrics and textiles.
2. To answer questions as to whether or not import authorization
from the above cited agencies shall be dispensed with in all cases,
regardless of mode of importation and including instances when goods are
to be imported under bond or when the corresponding taxes and duties
are to be paid, the following shall be the requirement:
| REQUIREMENTS FOR IMPORTATION UNDER BOND | REQUIREMENTS FOR IMPORTATION WITH TAXES & DUTIES PAID |
|
Mode of Importation
|
GTEB Import Authority
|
Endorse by GTEB to SGS
|
GTEB Import Authority
|
Endorsement by GTEB to SGS
|
| Letter of Credit |
X
|
–
|
–
|
–
|
| Documents Against Acceptance |
X
|
X
|
–
|
X
|
| Open Account |
X
|
X
|
–
|
X
|
| Consignment |
X
|
X
|
X
|
X
|
| No $ Import (more than) P10,000.00 |
X
|
X
|
X
|
X
|
Please be guided accordingly.
Adopted: 24 July 1989
(SGD.) GLORIA M. ARROYO
Executive Director
Effective: 30 September 1989