Filtered By: Money
Money

Customs donates 6,300 liters of seized fuel to Coast Guard


The Bureau of Customs (BOC) has donated 6,357.8 liters of seized fuel to the Philippine Coast Guard (PCG).

In a statement on Wednesday, the Bureau said that the turnover was conducted at the Port of Clark compound last week.

“Through the provisions of R.A. No. 10863 otherwise known as the Customs Modernization and Tariff Act (CMTA) and with the approval of the Department of Finance (DOF) Secretary, the donation intends to assist the PCG in its maritime search & rescue, safety and security operations,” the BOC said.

The unmarked fuel was seized by BOC Port of Clark in September 2021 through the implementation of Letter of Authority (LOA) issued by Commissioner Rey Leonardo Guerrero.

A decision was subsequently issued by the port declaring the shipment forfeited in favor of the government for violating Section 7 of DOF-BOC-Bureau of Internal Revenue Joint Circular No. 001.2021 Joint Circular 001.2021.

Under the joint circular, petroleum products that are unmarked, with diluted markers, or have counterfeit fuel markers shall be subject to duties and taxes, inclusive of the appropriate fines and penalties. — Mel Matthew Doctor/BM, GMA News

LOADING CONTENT