RA 9135 SEC. 2. Section 1302 of Part 2, Title IV of the Tariff and Customs Code of the Philippines, as amended, is hereby further amended to read as follows:
"Sec. 1302. Import Entries. – All imported articles, except importations admitted free of duty under Subsection "k", Section one hundred and five of this Code, shall be subject to a formal or informal entry. Articles of a commercial nature intended for sale, barter or hire, the dutiable value of which is Two thousand pesos (P2,000.00) or less, land personal and household effects or articles, not in commercial quantity, imported in passenger’s baggage, mail or otherwise, for personal use, shall be cleared on an informal entry whenever duty, tax or other charges are collectible.
The Commissioner may, upon instruction of the Secretary of Finance, for the protection of domestic industry or of the revenue, require a formal entry, regardless of value, whatever be the purpose and nature of the importation.
Now to cut to the chase, I don't fully understand this part of the Tariff and Customs code, particularly the part where it says "shall be cleared on an informal entry whenever duty, tax or other charges are collectible." How would it be an informal entry if taxes will still be collected for parcels with dutiable value not exceeding 2,000 pesos? And was there any changes to the Tariff and Customs Code recently? Because as I have said, this is the first time I was required to pay duty and taxes for a parcel worth less than 2,000 pesos. I hope someone can clarify this matter. Any help is greatly appreciated.