REPUBLIC OF THE PHILIPPINES hare COPY Ole I- o1% DEPARTMENT OFFNANCE BUREAU OF CUSTOMS MEMORANDUM To : ALL DISTRICT AND SUBPORT COLLECTORS ALL CHIEFS, FORMAL ENTRY DIVISION ALL FORMAVENTRY DIVISION PERSONNEL FROM =: ~—_- REY LEONARDO B. GUERRERO Commissioner, BOC [orev 19 2018 SUBJECT : REFERENCE VALUES FOR SHIPMENTS UNDER CHAPTERS 39, 40 AND 48. DATE : November 05, 2018 1. Attached herewith are the updated Reference Values of the HS Code 3911, 3912, 3913, 3914, 3915, 3916, 3917, 3918, 3919, 3920, 3921, 3922, 3923, 3924, 3925, 3926, 4001, 4002, 4003, 4005, 4007, 4008, 4009, 4010, 4011, 4012, 4013, 4014, 4015, 4016, 4017, 4801, 4802, 4803, 4804, 4805, 4806, 4807, 4808, 4809, 4810, 4811, 4812, 4813, 4814, 4816, 4817, 4818, 4819, 4820, 4821, 4822 and 4823, 2. Value Reference is a risk management tool only to establish doubt or to alert customs to do a value verification check. Such value information cannot be used as a substitute value for customs valuation. (pursuant to CAO 4 -2004) All import entries under the tariff headings provided in the attached Value Reference, with declared values falling below the reference values shall be released only when the officials of Formal Entry Division have reviewed and ascertained the truth and accuracy of the statements, particulars and other supporting documents justifying such declaration in determining the true Transaction Value (Sec. 421, 210 and 707 of the CMTA). If there is valuation dispute, the importer may avail the remedy under Tentative Assessment (Sec. 425, of the CMTA). The importer's right to appeal to the decision of the bureau shall be governed by the rules of Section 1106 of the same Act. South Harbor, Gate 3, Port Area, Manila 1099 Tel. Nos. 527-4537, 527-1935 (OCOM) Website: worw.customs.gov.ph e E-mail: Boc.cares@customis.cav.ph (PIAD)Fle - Me O1F REPUBLIC OF THEPHILIPPINES ER COPY DEPARTMENT OF FINANCE BUREAU OFCUSTOMS 2 . The reference values indicated in the attached Value Reference shall be updated on a periodic basis. 4. All concerned officers are hereby directed to carry out necessary action on matters involving undervaluation, benchmarking and specific description of goods. 5. Non - compliance by any Customs Official with any of the provisions of this Memorandum will be considered Simple Neglect of Duty pursuant to CMO 25- 2010, Title IV, Section 2. 6. This Memorandum shall take effect immediately and shall last until updated or revoked. ‘South Harbor, Gate 3, Port Area, Manila 1099 Tel, Nos, 527-4537, 527-1935 (OCOM) Website: waw customs.gov.ph « E-mail res hRole —l- Olt Dated: 19 October 2018 MA; R COPY eo aca ccal oii et Arce Petroleum resins, coumarone-indene resins, polyterpenes, 3911 | polysulphides, polysulphones and other products specified in Note 3 to this Chapter, not elsewhere specified or included, in primary forms. ~ Petroleum resins, coumarone, indene or coumarone-indene resins and Polyterpenes Coumarone Resin 6-90 2 $1.82/kg 3911,1000 | Eastotac(Tm) C-100r Resin SG $2.92/kg Hydrocarbon Resin C5 [ow $1.68/kg Petroleum Resin Rhenosin Ge3071 cN $1.98/kg Petroleum Resin Sk-120 Tw $1.15/kg + Other Alexit Hardener DE | $28.88/kg 3911.9000 | Floquat Fi 2949 cN $1.69/kg | Metciear Mr2405 us $2.29/kg Polyamine 200 Tw $1.84/kg is019 Cellulose and its chemical derivatives, not elsewhere specified or included, in primary forms. ~~ Other 3912.2019 | Industrial Nitrocellulose Damped With Isopropyl TH $3.00/k9 Nitrocellulose Damped With 30% Tpa For Industrial Tw $2.70/kg ~ = Plasticised fee Cellulose For Lacquer With Plasticizer CN $3.52/kg - = Carboxymethylcellulose and its salts Aqualon Carboxymethyicellulose us $5.26/kq Blanose Carboxymetyhl Cellulose 7haxt FR $4.37/k9 Bondwell Carboxymetyhl Cellulose Fvh9 wv $4.54/k9 3912.3100 | Carboxymethy! Cellulose wv $2.14/kg | Rheolon Carboxymetyhl Cellulose TR $1.52/kg_ IN $0.94/kg | Sodium Carboxy Methyl Cellulose nN $2.87/k9 FI $4.65/ko Page 1of 71