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

Phillipines Customs seizes P1M in misdeclared steel products

byCT Report
23/12/2015
in Philippines
Share on FacebookShare on Twitter

MANILA: The Bureau of Customs has seized close to a million pesos’ worth of misdeclared steel products from China.

At the same time, the agency warned against transacting with frauds claiming to belong to a “Task Force Sunshine” and offering to protect or facilitate shipments in exchnage for “facilitation fees.”

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

An X-ray inspection by the BOC’s Enforcement Group of a 40-foot container van that had been declared as containing 526 packages of softgel forming machine cleaners and a moisture analyzer ferreted out the steel products.

The value of the shipment as declared would have been assessed at only $16,450, or P773,150, instead of its true Customs value of P960,000.

Besides this, BOC deputy commissioner Ariel Nepomuceno, who heads the EG, said importated steel products “must also meet the specified safety requirements and obtain (a) Philippine Standard License from the DTI–BPS (Department of Trade and Industry-Bureau of Products Standards).”

On the other hand, Customs commissioner Alberto Lina denied the existence of “Task Force Sunshine” within the agency, following an anonymous tip that some people were being approached for help with the formation of the non-existent body.

Lina also said they have received reports of persons introducing themselves as representatives of the Office of the Commissioner and claiming to have the power to protect and facilitate shipments for a fee.

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

Investor buys 52% stake in Kim Lien tourism Company

  • 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.