BOC to increase fees, but longer importer validity

Coupled with an increase in the processing fee to P5,000 from P2,000 previously, the Bureau of Customs (BOC) seeks to extend the validity of importer accreditation to three years from one year previously—a move seen to curb corruption as well as improve operational efficiency and integrity.

- By DERCO ROSAL

“As part of the new [draft] amendment, the processing fee will be adjusted from 2,000 to 5,000 for the accreditation which shall be valid for three years,” the BOC said in a statement released on Monday, July 21.

It argued that this hike will help the country’s second-largest tax collection agency to improve its management of the “growing demands and enhance the accreditation system’s efficiency.”