MANILA, Nov. 18 – Small value importations of tobacco goods as well as wines and spirits are still subject to excise taxes under a new Customs Administrative Order (CAO) that raises to P10,000 the tax-exempt value of non-commercial imports. Finance Undersecretary Antonette Tionko, who heads the Revenue Operations Group of the Department of Finance (DOF), said the CAO also lists goods prohibited and restricted for importation. “The proposed CAO provides that de minimis importations of tobacco […]