Saturday, September 19, 2009 | MANILA, PHILIPPINES [ BusinessWorld Online ]
Locators at the Clark and Subic freeports will soon be able to pay for export and import fees online, the Clark Development Corp. said on Friday.
Under the second phase of the Electronic Transit and Admission Permit System’s (e-TAPS) implementation, firms will need to open e-accounts with Land Bank of the Philipines to pay permit fees and surety bonds starting in November.
"[Benefits of this system will be] the faceless transaction for processing of permits and the reduced operational cost of locators," the firm said in a statement.
Last year, state agencies behind the two freeports signed a memorandum of agreement with the Bureau of Customs to harmonize systems. The two freeports have been tagged in the government’s medium-term development plan as the country’s logistics hub.
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