CDP DEF OF TERMS Flashcards
shall refer to a transport document for airfreight used by airlines and international freight forwarders which specify the holder or consignee of the bill who has the right to claim delivery of the goods when they arrive at the port of destination. It is a contract of carriage that includes carrier conditions, such as limits of liability and claims procedures.
Airway Bill
shall refer to a transport document issued by shipping lines, carriers and international freight forwarders or non-vessel operating common carrier for water-borne freight. The holder or consignee of the bill has the right to claim delivery of the goods at the port of destination. It is a contract of carriage that includes carrier conditions, such as limits of liability and claims procedures. In addition, it contains transport instructions to shipping lines and carriers, a description of the goods, and applicable transportation charges.
Bill of Lading (BL)
shall refer to the Bureau of Customs
Bureau
shall refer to the completion of customs and other government formalities necessary to allow goods to enter for consumption, warehousing, transit or transshipment, or to be exported or placed under another customs procedure.
Clearance
shall refer to the quantity for a given kind or class of articles, which are in excess of what is compatible with and commensurate to the person’s normal requirements for personal use.
Commercial Quantity
shall refer to goods exempt from the payment of import duties and/or taxes upon compliance with certain formalities prescribed under pertinent customs issuances
Conditionally Tax and/or Duty-Exempt Importation
shall refer to the cargo dlearance process for imported shipments considered to be of commercial nature which are those in excess of FOB or FCA value limitation for informal entry and those for which the informal entry process may not be used, subject to the exceptions provided under the CMTA
Formal Entry Process
shall refer to articles, wares, merchandise and any other items which are subject of importation or exportation
Goods
shall refer to a statement made in a manner prescribed by customs laws, rules and regulations for the entry or admission of imported goods
Goods Declaration
shall refer to goods that are intended to be used solely for commercial purpose, including but not limited to, sale, lease, hire or barter.
Goods of Commercial Nature
shall refer to furniture, dishes, linens, libraries and similar household furnishing for personal or family use.
Household Effects
shall refer to an airway bill covering a single, individual shipment or consignment issued by the freight forwarder or consolidator to the consignor or sender containing the names and addresses, respectively, of both the consignor or sender and the consignee or receiver and the detailed, specific description of the goods shipped through air.
House Airway Bill
shall refer to the clearance process for imported goods with FOB or FCA value of less than Fifty Thousand Pesos (P50,000.00) and personal and household effects or goods, not in commercial quantity, not for sale, lease, hire or barter and other shipments covered under Section
Informal Entry Process
refer to the electronic registration of a goods declaration with the Bureau, in a manner prescribed under customs laws, rules and regulations.
Lodgement
shall refer to goods, not otherwise falling under the definition of personal and household effects that are not intended to be used for any commercial purposes, including sale, lease, hire or barter.
Non-Commercial Goods
shall refer to a customs facility located outside the airport or seaport established for temporary storage of goods. It is considered part of customs premises under the exclusive control, direction and management of the Bureau.
Off-dock Customs Facilities and Warehouses
shall refer to commodities whether new or used, for personal use or consumption and not for commercial purposes, such as wearing apparel, personal adornments, electronic gadgets, toiletries, or similar items.
Personal Effects
shall refer to a goods declaration made in a manner prescribed by customs laws, rules and regulations for the entry or admission of imported goods pending submission of information or supporting documents, clearances, or permits required by the Bureau or other regulatory agencies
Provisional Goods Declaration
shall refer to goods, the importation and exportation of which are subject to regulation and shall only be allowed after securing the necessary clearances, licenses, and any other requirements prior to importation or exportation. In case of importation, submission of requirements after arrival of the goods but prior to release from customs custody shall be allowed but only in cases provided for by governing laws or regulations.
Regulated Goods
shall refer to an indorsement from the Department of Finance-Revenue Office
(DOF-RO) embodying the specific tax exemption granted on importations, issued to a specific individual or entity, authorizing the Bureau to release the specified shipment in accordance with law and pertinent customs rules and regulations applicable to the specified exempted shipment.
Tax Exemption Indorsement (TEI)
