All goods coming into the Philippines are subject to the assessment of import duties, taxes and a value-added tax based upon an article’s fair market value, freight cost and insurance. Import Duties The rate of import duty varies depending on the commodity, ranging from 3% and up. The schedule of rates is listed under Section 104, Tariff and Customs Code of the Philippines (TCCP), as amended. Advance Payment of Duties, Taxes and VAT In order to clear a shipment from Philippine Customs, it will be necessary for Forex to advance the payment of duties, taxes and VAT on behalf of the shipper and/or recipient.
Does Forex Cargo use Third Parties to deliver boxes in the Philippines? NO. Forex Cargo does not allow third parties to handle our shipments. Our Balikbayan Boxes are handled with care by dedicated employees to maintain high quality of service. We have our Own delivery fleet in the Philippines, Forex Cargo Philippines. For more […]
Forex Cargo is a licensed and bonded Ocean Transport Intermediary, Non-Vessel Operating Common Carrier (OTI-NVOCC) by the Federal Maritime Commission of the United States of America. Filipinos have come to know Forex as the name they can trust when it comes to shipment and delivery of balikbayan boxes to the Philippines. Competitive Advantage We Don’t […]