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Questions and Answers
What is the primary change introduced by Republic Act No. 9853 regarding the signing of import entries?
What is the primary change introduced by Republic Act No. 9853 regarding the signing of import entries?
- Import entries shall be signed by both customs broker and the consignee/owner/importer. (correct)
- Import entries must be signed by a customs broker only.
- Import entries must be signed only by the consignee or importer.
- Import entries no longer require signatures.
According to the amended act, who can sign an export declaration?
According to the amended act, who can sign an export declaration?
- Only an authorized representative of the Bureau of Customs.
- Either the exporter or, if they choose, their designated customs broker or authorized representative. (correct)
- Only the exporter’s designated customs broker.
- Only the exporter.
What constitutes engaging in the practice of customs broker profession, according to Section 27 of the amended Republic Act No. 9280?
What constitutes engaging in the practice of customs broker profession, according to Section 27 of the amended Republic Act No. 9280?
- Only having an active license as a customs broker.
- Only signing import or export declarations.
- Only representing clients in the Bureau of Customs
- Any single act within Section 6 of the Act. (correct)
What is the minimum paid-up capital requirement for a corporation engaging in customs brokerage, as stated in the amended act?
What is the minimum paid-up capital requirement for a corporation engaging in customs brokerage, as stated in the amended act?
According to the revised act regarding professional practice, what is the primary basis for admission to the customs broker profession?
According to the revised act regarding professional practice, what is the primary basis for admission to the customs broker profession?
What is the main criteria for a corporation to be registered to engage in customs brokerage?
What is the main criteria for a corporation to be registered to engage in customs brokerage?
What does 'engaging in the business of customs brokerage' specifically mean?
What does 'engaging in the business of customs brokerage' specifically mean?
What is the purpose of Republic Act No. 9853 relative to Republic Act No. 9280?
What is the purpose of Republic Act No. 9853 relative to Republic Act No. 9280?
Flashcards
Import Entry
Import Entry
Signing an import entry under oath, signifying the importer's responsibility for accuracy.
Customs Broker
Customs Broker
A licensed professional who assists importers and exporters with customs procedures and documentation.
Customs Brokerage Corporation
Customs Brokerage Corporation
A company that offers customs brokerage services.
Customs Clearance
Customs Clearance
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Export Declaration
Export Declaration
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Consignee/Owner/Importer
Consignee/Owner/Importer
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Minimum Paid-up Capital
Minimum Paid-up Capital
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Engaging in the Business of Customs Brokerage
Engaging in the Business of Customs Brokerage
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Study Notes
Republic Act No. 9853
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Amends Republic Act No. 9280 (Customs Brokers Act of 2004)
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Section 1 amends Section 27 of Republic Act No. 9280.
- Changes the definition of "engaging in the practice of customs broker profession"
- Import entry, signed by customs broker, and importer/consignee.
- Export declarations signed by exporter or their designee
- Changes the definition of "engaging in the practice of customs broker profession"
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Section 2 amends Section 29 of Republic Act No. 9280.
- Defines the practice of customs brokerage as a professional service.
- Qualification based on individual and personal qualifications.
- Corporations may be registered to engage in customs brokerage (requires one broker)
- Minimum paid-up capital of Php1,000,000 required.
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Section 3 Repeals any conflicting laws, presidential decrees, etc.
Act Effectivity
- Act takes effect 15 days after publication in the Official Gazette or a general circulation newspaper.
Passage of Act
- Consolidated Senate Bill No. 3396 and House Bill No. 3274
- Passed by the Senate on September 28, 2009
- Passed by the House of Representatives on October 8, 2009
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