FedEx offers solutions to maximize new customs rules

As a leader in global trade, FedEx Express is dedicated to providing outstanding customer experience. The implementation of new provisions to Customs Modernization and Tariff Act (CMTA) allows FedEx to highlight its efficient solutions in support of customers who are sending packages to the Philippines.

The Bureau of Customs raised the de minimis value, or the value of goods which are exempted from duties and taxes, from P10 to P10,000 inclusive of freight charges on October 26, 2016. All imports under the de minimis category will not be physically opened unless mandated by internationally accepted administration risk principles. De minimis packages will only be examined via x-ray or equivalent devices, but a customs examiner can inspect the goods if these are categorized under prohibited and restricted importations such as tobacco goods, wines, and spirits.

Also, said packages will be lodged and processed under a simplified system using information and communications technology which will allow for advanced clearance and proper customs monitoring.

The de minimis rule change will favor local buyers and sellers as research indicates that 42 percent of consumers prefer to purchase goods abroad and 47 percent of APAC SMEs see a rise in intra-regional trade within the next year.

A more dynamic importation is expected to arise as consumers, travelers, and local SMEs now have expanded purchasing powers.

However, navigating dynamic regulatory environments and managing logistics can become major hurdles for consumers and SMEs. To help its customers, FedEx offers customs-clearance expertise and tools that enhances reliability, efficiency and speed of service.

FedEx experts can handle the full range of transportation needs – from sourcing and routing to handling logistics or managing a complete supply chain. Online tools are also available to help customers with their shipment needs.

FedEx also has teams working on behalf of other customers to continue improving the customs clearance process whether through more accurate clearance documentation, technology, or collaboration with regulatory authorities. FedEx customers will have an edge in the marketplace through simple innovations, such as the online Customs Resource Center that gives access to key regulatory updates.

Through proper information and value-added shipping solutions, FedEx aims to provide its customers with convenient, fast and efficient service when importing goods to the Philippines.