ALL importers are mandated to exercise reasonable care in entering, classifying and determining the value of their imported goods not only for the purpose of expediting the release of their shipments from the custody of the Bureau of Customs (BoC), but more importantly, to avoid being exposed to stiff penalties that may be imposed under the Customs Modernization and Tariff Act (CMTA) and other Customs rules and regulations.
The prime responsibility of every importer (and customs broker) is to accurately declare the details of particulars in the goods declaration. As the declaration is based on self-assessment, the BoC is always keen in taking a closer scrutiny of the details of the importation to ensure that declarants do not, wittingly or unwittingly, warp the computation of lawful revenues.
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