i am planning to import products from another asian country, kindly educate me on the matter most importantly regarding the legalities
First thing first : if your imprting it under ur name, you need to have your tin number, there are form to fill in at customs if the amount of tax your paying would be over 10,000 php. now, if you plan to use a company, you need to have ciis number + tin number & all the rest of the docs of the company such as mayor permit, sec, sss, etc.
it will depend on the item you want to import, you have to check import regulations & prohibited items, such as guns, drugs, etc. but if you'd be importing regular items but not used clothes, specific agri products, & used cars, then its ok to start without the docs i mentioned above. we call it informal entry, or first & last shipment.