Philippines update: All imported goods to be included in the LOI

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April 2018 | Philippines

The Bureau of Customs (BOC) released a memorandum on 12 March 2018, with immediate effect, requiring all importers to submit their List of Importables (LOI) as approved by the Account Management Office (AMO).

Unlike previously, when importers were able import goods were not in their LOI, going forward all goods declared on Import Declarations will need to be counter-checked against the LOI before they cab be cleared from a customs area. Moreover, only goods listed in the LOI can be released to consignees. Any goods that are not in the LOI cannot be cleared until approval from the AMO is obtained.

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