DEFINITION OF TERMS (SEC102)

Refers to the reduction or diminution, in whole or in part, of duties and taxes where payment has not been made;

Refers to the customs procedure applicable to goods which, being in free circulation, leave the Philippine territory and are intended to remain permanently outside it;

refers 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 earner 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;

refers to the importer, exporter, customs broker, forwarder, freight forwarder, transport provider, and any other entity duly accredited by the Bureau based on the WCO Framework of Standards to Secure and Facilitate Global Trade, the RKC, the WCO Supply Chain Management Guidelines and the various national best practices to promote trade facilitation.

refers to any person who temporarily enters the territory of a country in which he or she does not normally resides (non-resident), or who leaves that territory

refers to a case where the assessment is disputed and pending review, an importer may put up a cash bond equivalent to the duties and taxes due on goods before the importer can obtain the release of said goods;

refers to any person who deals directly with the Bureau, for and on behalf of another person, relating to the importation, exportation, movement or storage of goods.

refers to the customs procedure under which goods are transferred under customs control from the importing means of transport to the exporting means of transport within the area of one customs office, which is the office of both importation and exportation;

refers to the customs procedure under which goods, in its original form, are transported under customs control from one customs office to another, or to a free zone;