Waiver of Consular Invoice.
Section 7
SEC. 7. Waiver of Consular Invoice.— No consular invoice need be presented for articles destined for regional warehouses. However, in lieu thereof, a certificate of export from the Philippine Consular official in the country of origin of the shipment attesting to the origin of exportation and the C & F value of the articles shall be required. In case of distribution to local buyers, distributors or indentors, the head office’s or parent company's commercial invoice shall be presented to the Regional Collector of Customs supervising the distribution or release. The provisions of law to the contrary notwithstanding, after the articles shall have been examined by the Regional Collector of Customs, in accordance with Section 1401-1403 of the Tariff and Customs Code, the Collector of Customs shall determine the accurate tariff bought and sold. Moreover, in case of local distribution to local buyers, distributors or indentors the proper customs official shall require the presentation of the head office's or parent company's commercial invoice and impose the proper duties, taxes and other charges thereon in accordance with the Tariff and Customs Code and other applicable law.