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  • 3 Months Computation Sample-Guide

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    asilomem
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    This document outlines the computation of a General Transportation Surety Bond amount for a port in the Philippines. It details the dutiable import values in Philippine Pesos for July, August, and September 2023, which total to 10,260,000 PHP. One-third of this total is 3,420,000 PHP. Multiplying this by 1.40% yields a bond amount of 47,880 PHP. However, the minimum bond amount per regulation is 1,000,000 PHP.

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    3 months computation sample-guide

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    This document outlines the computation of a General Transportation Surety Bond amount for a port in the Philippines. It details the dutiable import values in Philippine Pesos for July, August, and September 2023, which total to 10,260,000 PHP. One-third of this total is 3,420,000 PHP. Multiplying this by 1.40% yields a bond amount of 47,880 PHP. However, the minimum bond amount per regulation is 1,000,000 PHP.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views2 pages

    3 Months Computation Sample-Guide

    Uploaded by

    asilomem
    This document outlines the computation of a General Transportation Surety Bond amount for a port in the Philippines. It details the dutiable import values in Philippine Pesos for July, August, and September 2023, which total to 10,260,000 PHP. One-third of this total is 3,420,000 PHP. Multiplying this by 1.40% yields a bond amount of 47,880 PHP. However, the minimum bond amount per regulation is 1,000,000 PHP.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    GENERAL TRANSPORTATION SURETY BOND

    3 MONTHS COMPUTATION (Port of MICP)

    DATE DUTABLE VALUE EX. RATE VALUE (PHP)

    July, 2023 $50,000.00 57.00 Php2,850,000.00


    August, 2023 $60,000.00 57.00 Php3,420,000.00
    Sept. 2023 $70,000.00 57.00 Php3,990,000.00
    .
    TOTAL VALUE OF IMPORTS ADMITTED IN THE LAST 3 MONTHS TOTAL Php10,260,000.00
    x 1/3
    Php3,420,000.00
    x 1.40%

    AMOUNT PER FORMULA Php47,880.00

    AMOUNT OF BOND PER JMO 1-2015 Php1,000,000.00

    Verified True & Correct,


    BY:
    Note: please print on your company's letterhead

    - indicate amount of GTSB applied

    Note: Minimum Amount of GTSB is Php1,000,000.00

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