Commodity

Commodity Details

For Imports

Regulating Agencies

Legal Basis

• Manual of Regulations on Foreign Exchange Transactions issued under Circular No. 645 (13 February 2009) – Manual of Regulations on Foreign Exchange Transactions issued under Circular No. 645 (13 February 2009), (As amended by Circular Nos. 794 dated 18 April 2013, 874 dated 8 April 2015 and 922 dated 23 August 2016)

Permits, Clearances, Certifications

• Authorization letter from the BSP

Requirements & Procedures

Documentary Requirements

Bangko Sentral ng Pilipinas

1. A formal request for importation of more than PHP10,000 indicating, among others:
2. The total peso amount to be remitted with breakdown;
3. Source of the pesos and purpose of the transport of currency;
4. Mode of transporting the currency (whether to be sent as unaccompanied baggage or to be brought by a representative); and
5. Name of the person with identification papers who will bring the money, as may be applicable.

Procedures

Bangko Sentral ng Pilipinas

1. Applicant submits a formal request to BSP prior to importation.
2. BSP checks documents and information.
3. Upon resolution of issues (if any), the BSP issues an authorization letter.

NTMs

1. BSP – Import Clearance to bring in blank coins of various materials

Import Status

Regulated

For Exports

Regulating Agencies

Status

The export of this commodity is currently regulated. Please contact the regulating agency above for export requirements and procedures.

NTMs

1. BSP – Prior Authorization

Tariff Schedules

Visit the Philippine Tariff Commission (TC) through its Philippine Tariff Finder (PTF).

Edit