Amending Section 2307 Of The Tariff And Customs Code Of The Philippines, As Amended
Download as PDF
Download as Word
My Notes
Highlights
New
Collections
Create a New Collection
Overview
Full Text
Details
Case
Agency Issuance Number
Published Date
Amending Section 2307 Of The Tariff And Customs Code Of The Philippines, As Amended
Executive Order No. 38
August 6, 1986
Case Overview and Summary
Summary of Executive Order No. 38Amending Section 2307 of the Tariff and Customs Code of the Philippines
- Empowers the District Collector of Customs to settle seizure cases, subject to the approval of the Commissioner (Section 1).
- Allows the District Collector to accept settlement of any seizure case, except when there is fraud, by:
- Imposing a fine on the property, ranging from 20% to 80% of the landed cost for imported articles or the F.O.B. value for exported articles (Section 1).
- Allowing the owner, importer, exporter, or consignee to pay the domestic market value of the seized article in case of forfeiture (Section 1).
- Upon payment of the fine or domestic market value, the property shall be released, and all liabilities related to the seizure shall be discharged (Section 1).
- Settlement by payment of fine or redemption of forfeited property is not allowed in cases where:
- The importation is absolutely prohibited (Section 1).
- The release of the property would be contrary to law (Section 1).
- Repeals or modifies all laws, rules, regulations, issuances, or parts thereof inconsistent with this Executive Order (Section 2).
- Takes effect immediately (Section 3).
Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Executive Orders
Tariff and Customs Code
seizure cases
District Collector of Customs
settlement
fine
forfeiture
redemption
importation
exportation
prohibited
contrary to law
Law
Amending Section 2307 Of The Tariff And Customs Code Of The Philippines, As Amended
Executive Order No. 38
•August 6, 1986
EXECUTIVE ORDER NO. 38 August 6, 1986
AMENDING SECTION 2307 OF THE TARIFF AND CUSTOMS CODE OF THE PHILIPPINES, AS AMENDED
WHEREAS, in conformity with the present administration's thrust to increase and accelerate revenue collection, there is a need to empower the District Collector of Customs to settle seizure cases which will expedite the collection of revenue and hasten the release of cargoes under seizure proceedings;
WHEREAS, the authority given to the District Collector of Customs in Seizure cases, subject to the approval of the Commissioner, will benefit importers and exporters in the form of reduction in expenditures and the assurance of the return of their investments which have been tied up with their importations.
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do hereby order:
Sec. 1. SECTION 2307 of the Tariff and Customs Code of the Philippines is hereby amended to read as follows:
"Sec. 2307. Settlement of Case by Payment of fine of Redemption of Forfeited Property. Subject to approval of the Commissioner, the district collector may while the case...
Login to see full content
Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Executive Orders
Tariff and Customs Code
seizure cases
District Collector of Customs
settlement
fine
forfeiture
redemption
importation
exportation
prohibited
contrary to law
EXECUTIVE ORDER NO. 38 August 6, 1986
AMENDING SECTION 2307 OF THE TARIFF AND CUSTOMS CODE OF THE PHILIPPINES, AS AMENDED
WHEREAS, in conformity with the present administration's thrust to increase and accelerate revenue collection, there is a need to empower the District Collector of Customs to settle seizure cases which will expedite the collection of revenue and hasten the release of cargoes under seizure proceedings;
WHEREAS, the authority given to the District Collector of Customs in Seizure cases, subject to the approval of the Commissioner, will benefit importers and exporters in the form of reduction in expenditures and the assurance of the return of their investments which have been tied up with their importations.
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do hereby order:
Sec. 1. SECTION 2307 of the Tariff and Customs Code of the Philippines is hereby amended to read as follows:
"Sec. 2307. Settlement of Case by Payment of fine of Redemption of Forfeited Property. Subject to approval of the Commissioner, the district collector may while the case...
Login to see full content