Nd Flagging Those That Have Matured The Abms Was First Implemented At Port Of Manila On Aug 11 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MANILA - Aimed at attaining more streamlined and efficient customs processes and procedures, the Bureau of Customs (BOC) developed and implemented 31 Information Communication Technology (ICT) projects and systems as of December 2021 and further aims to fully automate its frontline transactions. Foremost is the Automated Bonds Management System (ABMS) which monitors the status of bonds from their posting up to their cancellation and expedites the settlement or collection of due and demandable bonds. It is a bureau-wide system for processing bond transactions, monitoring and aging bond balances, and flagging those that have matured. The ABMS was first implemented at Port of Manila on Aug. 11, 2021 Another program is the Authorized Economic Operator (AEO) Online Portal which can be used by stakeholders in applying for the AEO Program. Implemented on Aug. 25, 2021, it caters to online submission, processing, and approval of AEO applications of importers and exporters The BOC also successf ....

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