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BOC earns P555-M from public auctions in 2021

(File photo) MANILA - The Bureau of Customs (BOC) has generated more than PHP500 million from the public auction of more than 2,400 overstaying containers last year. Citing latest data released on Thursday, the BOC said its Assessment and Operations Coordinating Group, together with the Auction and Cargo Disposal (ACD) Division and the ACD units of all collection districts nationwide, was able to dispose of 2,407 containers through condemnation and auction in 2021. The BOC said the public auctions generated PHP555,443,841.75 in earnings from 1,257 containers carrying assorted items, such as rice and galvanized steel. The remaining 1,150 containers of used clothing, rotten food items, used oil, used furniture, and other valueless used articles were condemned or destroyed accordingly. It added that the containers were forfeited after seizure or abandonment proceedings under Sections 1139 and 1141 of the Customs Modernization and Tariff Act, which provides for the conditions and modes of ....

Operations Coordinating Group , Bureau Of Customs , Cargo Disposal , Customs Modernization , Tariff Act , Customs Administrative Order , Ile Photo Manila The Bureau Of Customs Boc Has Generated More Than Php500 Million From Public Auction 2 , 400 Overstaying Containers Last Year Citing Latest Data Released On Thursday , He Boc Said Its Assessment And Operations Coordinating Group , Ogether With The Auction And Cargo Disposal Acd Division Units Of All Collection Districts Nationwide , As Able To Dispose Of 2 , 407 Containers Through Condemnation And Auction In 2021 The Boc Said Public Auctions Generated Php555 , 841 75 In Earnings From 1 , 257 Containers Carrying Assorted Items , Uch As Rice And Galvanized Steel The Remaining 1 , 150 Containers Of Used Clothing , Otten Food Items , Used Oil , Nused Furniture , Nd Other Valueless Used Articles Were Condemned Or Destroyed Accordingly It Added That The Containers Forfeited After Seizure Abandonment Proceedings Under Sections 1139 And 1141 Of Customs Modernization Tariff Act , Hich Provides For The Conditions And Modes Of Disposition , Espectively Under Customs Administrative Order 17 2019 , Argoes That Were Not Withdrawn Within The Regulatory Period Of 30 Calendar Days From Payment Duties , Nd Other Charges Shall Be Deemed Abandoned , Nless Covered By Duly Issued Alert Order , Nd Upon The Finality Of Decree Abandonment Bureau Shall Then Determine Proper Disposition Through Auction ,