— This Act shall be known as the "Customs Modernization and Tariff Act (CMTA)". CHAPTER 2 GENERAL AND COMMON PROVISIONS. Section 101. Declaration of Policy.

Author: INS-MKTG-007 Created Date: 6/7/2016 9:44:18 AM

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The RA 10863 Customs Modernization and Tariff Act (2016) seeks to enhance customs systems in the Philippines through programs that align with international standards and best practices. …

It is hereby declared the policy of the State to protect and enhance government revenue, institute fair and transparent customs and tariff management that will efficiently facilitate international trade, prevent and curtail any form of customs fraud and illegal acts, and modernize customs and tariff administration.

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This document is the Republic Act No. 10863 which aims to modernize customs and tariff administration in the Philippines. It declares the policy of the state to protect government revenue, facilitate international trade efficiently and transparently, prevent customs fraud, and modernize customs systems and processes.

Philippine President Benigno Aquino III has finally signed into law on May 30, 2016 the Customs Modernization and Tariff Act (CMTA). Republic Act (RA) No. 10863 or “An Act Modernizing the Customs and Tariff Administration” is designed to overhaul Bureau of Customs (BOC) operations and update the Tariff and Customs Code of the Philippines ...

CMTA amended the Tariff and Customs Code of the Philippines (TCCP) with the aim of modernizing Customs rules and procedures for faster trade, reduce opportunities for corruption, improve Customs service delivery and improve supply chain.