It was reported that the BOC has closed down the customs bonded warehouse
of Mighty Corporation after a special task force allegedly found the firm to have committed serious violations of the Tariff and Customs Code.
Three of the six capabilities of the proposed DA trade information and intelligence data system, which is mandated by law, are: 1) Analyze and publish data relevant to safeguard measures on import surges (RA 8800); 2) Obtain data on volume and values of exports of trading partners from sources such as UNCOMTRADE to monitor outright smuggling, undervaluation and misdeclaration; and 3) Automatically reconcile and publish data on minimum access volume, actual import arrivals (including those under the Customs Bonded Warehouse
system) and Special Safeguard (SSG) duties payments.
One day, we reported that in one week's time, we'll stop production because we would run out of raw materials since they were held at the Customs bonded warehouse
Two customs examiners assigned at the Ninoy Aquino International Airport (NAIA) Pair Cargo Customs Bonded Warehouse
are now being investigated for breach of protocol after they inspected cargo containing items for the state visit of Emperor Akihito and Empress Michiko.
However, a BOC administrative order, issued in January and suspending the firm's customs bonded warehouse
operations remains in force, noted the DOFattached agency.
However, a BOC administrative order, issued in January, suspending the firm's customs bonded warehouse
operations remained in force.
The Bureau of Customs (BoC) has taken action by closing down the customs bonded warehouse
of a competitor and assessed it for custom duties of more than P1 billion.
The Bureau of Customs has taken action by closing down the Customs bonded warehouse
of a competitor and assessed it for Custom duties.
The Bureau of Customs has slapped Mighty Tobacco an additional P853 million in duties for imported cigarette raw materials found inside the customs bonded warehouse
the BOC earlier padlocked for serious violations of tariff laws.
The operation of a customs bonded warehouse
had allowed Mighty Corp.
to operate a customs bonded warehouse
, which is expected to seriously disrupt its business operations, mainly the importation of tobacco leaves and other cigarette-manufacturing materials.