The Philippine Bureau of Customs (BoC) – Management Information Systems and Technology Group (MISTG) – has announced the launch of a new liquidation and billing system (LBS) at all ports of entry.
The implementation in all ports nationwide is scheduled for 13 April.
The LBS is a web portal designed to determine and inform consignees regarding fines, penalties, and other charges that are due for collection.
This should allow the BoC Liquidation and Billing Division (LBD) to audit and evaluate the post-entry transactions of shipments more efficiently.
At the same time, the portal enables its users to monitor collections or refunds of duties and taxes.
The BoC has said that the system will also prove useful to the LBD personnel in the Post Release Adjustment (PRA) by providing an interface for checking and verifying a declaration’s correctness of value, classification, and computation of duties and taxes, among other charges.
In a statement, the BoC commented: “As part of the MISTG’s post-clearance strategic roadmap deliverables, the LBS strengthens the post-clearance audit process of each BoC port by providing a platform to easily detect and mitigate fraud and revenue leakages, thereby increasing the amount of lost revenue to be recovered”.
The move aligns with recent efforts to promote digitalisation across the maritime industry and in shipping documentation.
