BOC generates P6.3-M from auction of luxury vehicles

General

The Bureau of Customs (BOC) has generated additional income amounting to PHP6.3 million after auctioning six units of forfeited luxury vehicles.

In a statement, the BOC said the Assessment and Operations Coordinating Group and the Auction and Cargo Disposal Division have auctioned off one brand new car and 5 used vehicles at the Bureau of Treasury (BTr) Auction Room, Ayuntamiento Building in Intramuros, Manila on April 27, 2022.

The forfeited luxury vehicles consisted of one unit each of used Porsche Boxster 2001, used Mercedes Benz SLK350 2001, used Ferrari Scuderia 430 2008, used Mercedes Benz SLK55 2001, used Mercedes Benz E220 2011, and a brand-new Mercedes Benz G500.

These vehicles were consigned to JLDFM Consumer Good Trading and Frebel Enterprise, and were seized at the Manila International Container Port and the Port of Manila, respectively.

The used Mercedes SLK350 2001 and SLK55 2001 were both sold to RMCE Metal Products while the Mercedes Benz G500 was sold to Mopen Trading Corporation.

A total of PHP6,305,000 non-traditional revenue was collected from the public auction.

Upon 100 percent physical examination, it was found out that the luxury vehicles were undeclared, resulting in seizure and forfeiture for violation of Section 1113 of the Customs Modernization and Tariff Act (CMTA).

The public auction sale was overseen by the Inter-Agency Auction Committee. Also, in collaboration with the BTr and Land Bank of the Philippines.

Source: Philippines News Agency

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