𝗕𝗢𝗖 𝗜𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝘀 𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗪𝗮𝗿𝗲𝗵𝗼𝘂𝘀𝗶𝗻𝗴 𝗕𝗼𝗻𝗱 𝗧𝗵𝗿𝘂 𝗔𝗕𝗠𝗦
Press Release - To effectively monitor the status of bonds from its posting up to cancellation and expedite the settlement or collection of due and demandable bonds, the Bureau of Customs (BOC) implemented the Automated Bonds Management System (ABMS) for Warehousing with Port of Manila as pilot port on June 15, 2021.
The ABMS is a bureau-wide system for processing bond transactions. It monitors and ages bond balances and flags those that have expired. Under CMO 17-2021, the ABMS shall now cover warehousing bond accounts or General Warehousing Bonds (GWB), discontinuing the practice of charging against the GWB the amount of duties and taxes due on shipments for transit to Customs Bonded Warehouses (CBWs). The ABMS for GWB is an automated procedure under the Electronic to Mobile (E2M) Customs system that supervises the status of bonds from their approval, charging, cancellation up to liquidation.
The GWB shall be exclusively used to secure the duties and taxes reflected in the Warehousing Single Administrative Document (WSAD) wherein the CBW operator registered with the Client Profile Registration System (CPRS) is allowed to avail of the ABMS in the E2M Customs System by opening a bond account for the transit of goods from the Port of Discharge to the CBW.
Customs Memorandum Order 17-2021 laid down the guidelines to be observed under the ABMS for GWB which shall be applied to all Warehousing Bond Accounts opened under the E2M system and implemented in all Customs Collection Districts, including sub-ports and other Bureau offices.
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