Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs Philippines
Philippines Bureau of Customs seizes fake cigarettes worth P2b

Philippines Bureau of Customs seizes fake cigarettes worth P2b

Philippines Bureau of Customs seizes fake cigarettes worth P2b

byCT Report
02/03/2017
in Philippines
Share on FacebookShare on Twitter

MANILA: Philippines Bureau of Customs (BOC) agents seized P2 billion worth of fake cigarettes in five warehouses at the San Simon Industrial Park in Pampanga.

According to details, the fake Mighty and Marvel brand cigarettes were already packed in boxes. The cigarettes also had fake stamps and were all identical, the source said. The warehouses were located in different blocks within the industrial park.

You might also like

Investors troop to year’s first RTB issue; P134 billion awarded

03/02/2020
People are seen going inside the ADB building in Ortigas, report said The Asian Development Bank expects to lend an estimated $7.8 billion, or nearly $2 billion annually, from 2018 to 2021, under a new six-year country partnership strategy.It would be the highest for any 4-year period, the Manila-based multilateral lender said Thursday.“The annual average also doubles the current estimated yearly lending pipeline,” the bank said in a statement.Photo by:Nonie Reyes

ADB raises $4.25 billion from US dollar bond market to boost OCR for 2020

21/01/2020

He could not immediately reveal the identities of the warehouse owners and whether anyone was arrested in the raids.

Original Mighty cigarettes are manufactured by Mighty Corp., founded in Manila in 1945, while the Marvel brand, although originally from the US, is also made in the Philippines.

In November last year, similar raids were conducted by the BOC in Pampanga, Bulacan and Pangasinan where some P1 billion worth of fake cigarettes of known brands and manufacturing equipment were also seized.

Agents of the BOC and the Bureau of Internal Revenue (BIR) also conducted another raid yesterday morning on a warehouse of Mighty Corp. in General Santos City and seized cigarettes with fake tax stamps.

Customs Commissioner Nicanor Faeldon ordered the composite team led by Christopher Degano to raid the Mighty Corp. warehouse inside the compound of Sunshine Cornmill Corp. at  Arradaza St., Barangay Lagao, General Santos City.

“We cannot give you yet the details of this operation as we are given permission by the higher ups … but surely we are in GenSan now to enforce this mission order given to us by commissioner Faeldon,” said BOC investigator Irumina Alvaira.

Customs police commander Zaidona Maulana told The STAR that they had padlocked the warehouse with the cigarettes after they found the firm’s alleged use of fake tax stamps on their cigarettes.

“After our inventory in the few days, they will be possibly charged by the BIR for not paying their sales tax,” Maula said.

Capt. Chris Degano, of the BOC’s Special Studies and Project Development Committee (SSPDC), said that based on the computation of the BIR personnel from the Region XII office, the total unpaid taxes reached P165 million.

Degano said Faeldon signed both the Mission Order and the Letter of Authority for the raid yesterday on Mighty Corp.’s sales office in General Santos City.

Related Stories

Investors troop to year’s first RTB issue; P134 billion awarded

byadmin
03/02/2020

THE Bureau of the Treasury (BTr) has awarded an initial P134 billion worth of three-year retail treasury bonds (RTBs), which...

People are seen going inside the ADB building in Ortigas, report said The Asian Development Bank expects to lend an estimated $7.8 billion, or nearly $2 billion annually, from 2018 to 2021, under a new six-year country partnership strategy.It would be the highest for any 4-year period, the Manila-based multilateral lender said Thursday.“The annual average also doubles the current estimated yearly lending pipeline,” the bank said in a statement.Photo by:Nonie Reyes

ADB raises $4.25 billion from US dollar bond market to boost OCR for 2020

byadmin
21/01/2020

The Asian Development Bank (ADB) raised a total of $4.25 billion from the US dollar bond market on Wednesday. The...

Govt, oil firms cite progress vs fuel smuggling

byadmin
13/01/2020

GOVERNMENT and oil companies have cited progress in curbing smuggling through a fuel marking program as the Department of Finance...

A man uses two smartphones at once outside a Huawei store in Beijing Monday, May 20, 2019. Google is assuring users of Huawei smartphones the American company's services still will work on them following U.S. government restrictions on doing business with the Chinese tech giant. (AP Photo/Ng Han Guan)

Huawei to shake up executive ranks in 2020 as Trump curbs bite deeper

byadmin
02/01/2020

Huawei Technologies Co. will overhaul its executive ranks next year after revenue growth slowed further in the latter half of...

Next Post
South Korean exports shows positive signs in February, grows 20.2%

South Korean exports shows positive signs in February, grows 20.2%

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.