LBC’s customers abroad who are now busy filling up Balikbayan boxes to send to their loved ones here in the country will now be able to do so without worrying about the rules and regulations imposed by the Bureau of Customs last August 1, 2017
This is after BOC Commissioner Isidro Lapena issued a memorandum last September 28, 2017 suspending the implementation of the Customs Modernization Tariff Act (CMTA) until March 31, 2018.
The CMTA carried with it certain provisions which set parameters for Balikbayan shipments and who was qualified to send them so they can avail of tax exemptions. It was enacted, not just to prevent revenue loss which comes when balikbayan boxes are shipped abusively or inadvertently, but also to simplify clearance procedures and adopt clear and transparent customs rules, consistent with international standards.
LBC, the largest and leading forwarding company in the Philippines, welcomed the development saying many Overseas Filipinos are still unaccustomed to the CMTA and that the suspension will give them time to focus, instead, on sending joy and gifts to loved ones this Holiday Season.
LBC can move it for you: visit www.LBCexpress.com, or call telephone +632 8585 999 (Metro Manila), 1 800 10 8585 999 (Provincial), +632 9086 522 (Solutions) and follow LBCExpress (Facebook and Twitter).