Raw materials liquidation system suspension revoked, rollout to continue

0
416
Raw materials liquidation system suspension revoked, rollout to continue
File photo from Bureau of Customs.
  • Rolling out of the Bureau of Customs’ raw materials liquidation system (RMLS) to other ports should now continue following the revocation of a memo suspending the system’s implementation last January
  • Customs commissioner Bienvenido Rubio revoked a January 30, 2023 memo by former acting commissioner Yogi Filemon Ruiz temporarily suspending the implementation of RLMS and Section 3.4 of Customs Memorandum Order (CMO) No. 17-2021
  • Rubio also directed strict observation of the expiration of approved bond policies under Section 3.4 of CMO 17-2021

Rolling out of the Bureau of Customs’ (BOC) raw materials liquidation system (RMLS) to other ports should now continue following the revocation of a memo suspending the system’s implementation last January.

Customs commissioner Bienvenido Rubio, in OCOM (Office of the Commissioner) Memo No. 37-2023 dated April 28 revoked a January 30, 2023 memo by former acting commissioner Yogi Filemon Ruiz temporarily suspending the implementation of RMLS and Section 3.4 of Customs Memorandum Order (CMO) No. 17-2021.

The revocation is relative to the recommendation of the Bonds Division of BOC-Port of Manila, and as concurred by the deputy commissioners of the Assessment and Operations Coordinating Group and Management Information System and Technology Group.

Consequently, Rubio said Section 3.4 of CMO 17-2021 should be strictly observed as to the expiration of the approved bond policies. CMO 17-2021 provides the guidelines on the implementation of the general warehousing bond (GWB) through the Automated Bonds Management System (ABMS).

Under Section 3.4 of CMO 17-2021, approved bond policies filed on the current year will expire on the 31st day of December of the calendar year.

With the revocation of the January memo, Rubio said “the RMLS shall continue to roll out to other ports of implementation.”

Embodied under CMO 34-2021, RMLS is an automated system which determines the volume and value of the raw materials exported and subject for liquidation, including the duties and taxes due on the allowable residues/wastages/by-products and other portion of the imported article/s, entered through warehousing but no longer usable for the manufacture of the articles to be exported.

RMLS has been integrated with the Automated Inventory Management System (AIMS), which is also an automated system that customs bonded warehouse (CBW) operators should adopt as a tool to determine and monitor the stock inventory of bonded goods from the time these goods enter the CBW up to the point the goods declaration covered by the warehousing single administrative document is liquidated.

OCOM Memo No. 56-2022 dated April 19, 2022 has set pilot implementation of RMLS at BOC-Port of Manila.

READ: BOC starts pilot run of raw materials liquidation system

CMO 34-2021 applies to all warehousing single administrative document (WSAD) lodged through BOC’s Electronic-to-Mobile (E2M) system and processed using the ABMS, which processes bond transactions and allows BOC to monitor and manage bond balances and flag those that have matured.

The RMLS will be implemented for all bonded goods where the general warehousing bond was processed under the ABMS with “Approved” status, and where the imported raw materials were cleared using goods declaration for warehousing with “Arrived” status in the E2M system.

To fully implement the RMLS, the AIMS will electronically transmit to the RMLS module the raw materials report (RMR) and the raw materials usage report (RMUR).

The RMR should include the entry report (WSAD); the withdrawal report which includes either withdrawal for production or withdrawal for consumption; and finished product report.

The RMUR, meanwhile, is commonly known as the statement of liquidation.

The RMLS, ABMS, and AIMS are part of BOC’s additional features to its E2M system as it further computerizes Customs processes.