BUREAU OF CUSTOMS
PORT OF MANILA
Embedded Files
QUICK REFERENCE
PROCEDURES IN CANCELLATION OF BONDS:
Importer/Broker/Surety Company files request for cancellation of bonds with Bonds Division attaching thereto supporting.
Bonds Division forward the request to Liquidation and Billing Division for liquidation of entries.
Liquidation and Billing Division issues the notice of liqiudation and forwards the same to Bonds Division.
Bonds Division Issues Notice of Cancellation subject to compliance to CAO 5-91.
Bond Examiner make necessary notations in the Book of Accounts and files copy of Notice of Cancellation with supporting documents including cancelled bond marked accordingly.
CAO 01-2022 Customs Bonded Warehouses
CAO 01-2021 Security to Guarantee Payment of Duties and Taxes and Other Obligations
CMO 17-2021 Guidelines for the Implementation of the General Warehousing Bond (GWB) thru The Automated Bonds Management System (ABMS)
CMO 30-2020 Guidelines for the Implementation of the General Transport Bond thru the Automated Bond Management System (ABMS)
CMO 08-2007 Addendum to CMO NO. 28-90 Procedure in Forfeiture of Bonds
PROCESS TIME:
Processing of Goods Declaration under Warehousing - 8 Minutes per Goods Declaration.
Processing of Bonds - 30 Minutes upon receipt of complete documentary requirements.
Processing of ATBAS (Authority to Transact Business As Surety) - 3 Days upon receipt of complete documentary requirements.
Cancellation of Warehousing Bonds - 5 Days upon receipt of Indorsement from Liquidation and Billing Division (LBD).
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