Toyota PH receives AEO Level 2 accreditation and top revenue recognition from BOC

The country’s leading mobility company, Toyota Motor Philippines Corporation (TMP), recently received its accreditation and became one of the pioneer organizations to be certified as Authorized Economic Operator Level 2 during the 122nd Bureau of Customs (BOC) Founding Anniversary celebration held at the Rizal Park Hotel, Manila. In the same event, the BOC recognized TMP for being the country’s second top importer, remitting a total of PHP44 billion in duties and taxes and contributing to the agency’s positive collection in 2023.

In photo are (from left) BOC Internal Administration Group Acting Deputy Commissioner Michael C. Fermin, BOC Commissioner Bienvenido Y. Rubio, TMP First Vice President for Comptrollership Dennis Ben-Hur Escuro, TMP First Vice President for Manufacturing Michael Angelo Antonio, Department of Finance Secretary Ralph Gonzalez Recto, and BOC Post Clearance Audit Group Assistant Commissioner Atty. Vincent Philip C. Maronilla during the awarding of 2023 Top Importers.

The BOC’s Authorized Economic Operator (AEO) program is a customs-to-business partnership that aims to promote legitimate trade facilitation and provide seamless movement of goods through secure international supply chains. An accreditation certifies that TMP underwent a rigorous process of assessment and validation as well as met the general and security criteria of the BOC in accordance with the World Customs Organization (WCO) Framework of Standards to Secure and Facilitate Global Trade (SAFE Framework).

Following the Customs Administrative Order No. 5-2017, the AEO accreditation provides organizations with the program benefits of streamlined customs procedures and interventions.

Under AEO Level 2, TMP will be granted the advantages of simplified customs processes and priority through a dedicated processing lane, advance clearance, periodic lodgment, one-time exemption certificate, and expedited customs clearance for exports.

These are on top of the Level 1 benefits TMP has been receiving, including exemption from renewal of BOC accreditation, self-assessment of duty and tax liability, acceptance of goods declaration consistent with TMP’s trade documents, and access to a dedicated help desk.

TMP became the first AEO-certified organization in the Philippines for achieving Level 1 accreditation back in 2022, attesting to the company’s strong compliance to global trade standards and commitment to total quality assurance for Toyota customers.

With the biggest automotive manufacturing, sales, and distribution businesses in the country, TMP operates with several major BOC ports including the Port of Batangas (POB), Manila International Container Port and the Ninoy Aquino International Airport.

Located close to its Batangas Vehicle Center, the POB serves as TMP’s gateway in importing automotive products such as Toyota and Lexus vehicle models, multi-sourced parts for production, and service parts from the Asia Pacific region. Moreover, the POB is a significant link to Toyota’s supply chain as it serves as a channel to distribute automotive products to Toyota dealerships in Visayas and Mindanao and to export Original Equipment Manufacturer (OEM) parts and components produced by Toyota export parts suppliers.