CAO 17-2019 (TERMS)

Question 1

shall refer to the written or printed declaration or statement of facts, made voluntarily by the owner, importer, and consignee expressly abandoning the imported goods in favor of the government, confirmed by oath or affirmation and taken before an officer having authority to administer such oath

Answer 1

Affidavit of Abandonment

Question 2

shall refer to the notice given to the owner, importer, or consignee which shall also serve the following purpose:
a. As payment instruction to the authorized agent bank to debit the amount of duties, taxes and other charges from the account of the owner, importer or consignee;
b. As information that the completed assessment shall be deemed final fifteen (15) calendar days after receipt thereof, and the unpaid completely assessed duties, taxes and other charges shall incur legal interest of twenty percent (20%) per annum from the date of Final Assessment; and
c. As warning that the subject imported goods shall be deemed abandoned fifteen (15) calendar days after date of Final Assessment, if the completely assessed duties, taxes and other charges, including twenty percent (20% ) legal interest, remained unpaid.

Answer 2

Assessment Notice

Question 3

shall refer to the date when the last cargo intended for discharge in the port of entry has been unloaded from the carrier

Answer 3

Date of Discharge of Last Package

Question 4

shall refer to the notification to the owner, importer, consignee or interested party to lodge or file, pay, claim, mark, submit clearances and other requirements, or Order of Release and Lifting the Alert, whichever is applicable, by the Collector of Customs through:
a. Electronic notice sent to the registered electronic mail address of concerned accredited Importers;
b. Registered mail or personal service; or
c. Public posting in bulletin boards or other conspicuous places within the customshouse in case of unknown consignees.

Answer 4

Due Notice

Question 5

shall refer to the submission of the hard copy of the Goods Declaration coupled with complete set of requisite supporting documents.

Answer 5

Filing

Question 6

shall refer to the account where all proceeds from public auction sales after deduction of the charges, as provided in Section 1143 of the CMTA, are deposited, and subject to daim of the owner, importer or consignee of impliedly abandoned goods.

Answer 6

Forfeiture Fund

Question 7

shall refer to a statement made in the manner prescribed by the Bureau and other appropriate agencies, by which the persons concerned indicate the procedure to be observed in the application for the entry or admission of imported goods and the particulars of which the customs administration shall require.

Answer 7

Goods Declaration

Question 8

shall refer to the registration of a Goods Declaration with the Bureau

Answer 8

Lodgement

Question 9

shall refer to the label which is legibly, indelibly and permanently printed or attached, as the nature of the foreign goods or container will permit, showing the ultimate purchaser thereof in the Philippines, and the name of the country of origin of such goods, in the official language of the Philippines

Answer 9

Mark

Question 10

shall refer to goods liable to perish or goods that depreciate greatly in value while stored or which cannot be kept without great disproportionate expense, which may be proceeded to, advertised and sold at auction upon notice if deemed reasonable

Answer 10

Perishable Goods