Courts junk petitions, uphold sentence for traders
Read MoreRice auction yields P73-Million
The Bureau of Customs (BOC) intensifies its campaign against smuggling as it continues to seize undervalued, misdeclared, and misclassified shipments coming into the country.
Read MoreTRANSCRIPT: 44th IAFEI World Congress in The Shangri-La, Makati, October 16, 2014 – Finance Sec. Cesar Purisima
The Bureau of Customs filed smuggling-related complaints at the Department of Justice against representatives of Silent Royalty Marketing for importing rice without valid import permits. The cases stems from the illegal importation of 16,036 Metric Tons (16-Million kilograms) of rice from September to November 2013 through the ports in Manila and Cebu. The rice, which came from Vietnam and Thailand, have a total dutiable value of P245-Million and an estimated market value of P648-Million.
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