Customs Modernization and Tariff Act
Section 423. Determination of the De Minimis Value. - No duties and taxes shall be collected on goods with an FOB or FCA value of ten thousand pesos (P10,000.00) or below. The Secretary of Finance shall adjust the de minimis value as provided herein every three (3) years after the effectivity of this Act. The value herein stated shall be adjusted to its present value using the CPI, as published by the PSA.