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BOC earns P237 million in auction of 'overstaying' containers - Vimarsana News

BOC earns P237 million in auction of 'overstaying' containers

(File photo) MANILA - The Bureau of Customs (BOC) has collected over PHP237 million through the public auction of "overstaying" containers in all ports nationwide during the first eight months of the year. In a statement Thursday, the bureau reported that from January to August 2022, a total of 318 "overstaying" containers were disposed of by the ports which generated total revenue of PHP237,379,455. Meanwhile, 519 containers have been condemned while 56 containers were donated to various government agencies. This is in line with the directive of Commissioner Yogi Filemon R...

Stronger crackdown on untaxed, imported vape products sought - Vimarsana News

Stronger crackdown on untaxed, imported vape products sought

MANILA - A ranking House leader is seeking a stronger crackdown on violations of the Vaping Regulation Law amid reports that some online sales of vapes from abroad are being categorized on online platforms as "toys" and "electronics". House ways and means committee chair Joey Salceda also said some online purchases through these sites are not being imposed excise taxes. "The advocates of the Vaping Regulation Law argued that it was a better way to regulate the sector and supposedly save lives. It also provided rules on the sale of vape online. Well, let's prove it,...

BOC nabs recipient of high-grade marijuana package in Malabon - Vimarsana News

BOC nabs recipient of high-grade marijuana package in Malabon

(Photo courtesy of BOC) MANILA - The Bureau of Customs (BOC) - Port of Clark arrested the claimant of a parcel containing 35 grams of kush or high-grade marijuana in Malabon City on Tuesday. In a statement Wednesday, the bureau said the suspect, who was not identified, was arrested in controlled delivery operations conducted by the members of Customs Anti-Illegal Drug Task Force (CAIDTF), Enforcement & Security Service (ESS), Customs Intelligence and Investigation Service (CIIS), X-ray Inspection Project (XIP) and the Philippine Drug Enforcement Agency (PDEA). The contraband with an estima...

BOC's revised taxation for coal imports to hike power rates – Manila Bulletin - Vimarsana News

BOC's revised taxation for coal imports to hike power rates – Manila Bulletin

The revised uniform taxation being enforced by the Bureau of Customs (BoC) on Indonesian coal imports being utilized for power generation will drive up electricity rates, according to industry players. As noted, the scale of rate increases in the electric bills could range from P0.10 per kilow

Source: mb.com.ph
Local producers urge return of 40% tariff on MDM - Vimarsana News

Local producers urge return of 40% tariff on MDM

As meat processors push to retain the low tariff rate on imported mechanically deboned meat of chicken and turkey, local producers said this should only be temporary and should revert back to 40 percent.