5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

BoC seizes P84.36-B smuggled goods

by
January 8, 2025
in Stock
0
BoC seizes P84.36-B smuggled goods
BUREAU OF CUSTOMS

THE BUREAU of Customs (BoC) seized a total of 1,572 smuggled goods last year, amounting to P84.36 billion.

“Turning to our enforcement efforts, the Bureau of Customs intensified its campaign against smuggling. So from January to November 2024, we conducted 1,572 seizure operations resulting in the confiscation of smuggled goods valued at P84.356 billion,” BoC Assistant Commissioner Vincent Philip C. Maronilla said in a speech on Wednesday.

In terms of volume, the BoC conducted the most collections at 977 of agricultural products worth P856.79 million.

“This focus reflects our dedication to protecting local industries and ensuring food security by preventing the unlawful entry of contraband agriculture,” Mr. Maronilla said.

In terms of value, counterfeit goods were worth the most at P34.698 billion with only 16 collections.

Meanwhile, the BoC revoked the Customs Accreditation of 48 exporters and customs brokers.

It also filed 39 criminal cases with the Department of Justice for violation of customs regulations.

Under its fuel marking program, the BoC also marked 18.23 billion liters of fuel, generating P220.77 billion in taxes.

“Additionally, the Bureau seized 209,634 liters of on-market fuel, further preventing the leakage and ensuring proper taxation,” Mr. Maronilla said. — Aaron Michael C. Sy

Previous Post

SC adopts rule on family mediation

Next Post

BI sets reimbursement guidelines

Next Post
BI sets reimbursement guidelines

BI sets reimbursement guidelines

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Inflation inches up in June

    Inflation inches up in June

    July 4, 2025
    The Medical City sets standard for ER, bringing fastER Care in 4 hours

    The Medical City sets standard for ER, bringing fastER Care in 4 hours

    July 4, 2025
    Explore franchise businesses at Franchise Negosyo Para sa Region XI (Davao)

    Explore franchise businesses at Franchise Negosyo Para sa Region XI (Davao)

    July 4, 2025
    Wimbledon winners to pay up to £1.3m in tax as HMRC claims £17m from prize pot

    Wimbledon winners to pay up to £1.3m in tax as HMRC claims £17m from prize pot

    July 4, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.