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In 2021, BOC earns P555 million from public auctions.

Last year, the Bureau of Customs (BOC) raised almost PHP500 million through the public sale of over 2,400 overstaying cargo.

According to the BOC’s latest data issued on Thursday, the Assessment and Operations Coordinating Group, in collaboration with the Auction and Cargo Disposal (ACD) Division and the ACD units of all collecting districts nationally, was able to condemn and auction 2,407 containers in 2021.

According to the BOC, 1,257 containers carrying various products such as rice and galvanized steel produced PHP555,443,841.75 in revenue during the public auctions.

The remaining 1,150 containers of soiled clothing, bad food, used oil, worn furniture, and other worthless used objects were either condemned or burned.

The containers were forfeited after seizure or abandonment proceedings were initiated under Sections 1139 and 1141 of the Customs Modernization and Tariff Act, which govern the conditions and modalities of disposition, respectively.

Cargoes that are not withdrawn within the regulatory time of 30 calendar days from the payment of duties, taxes, and other charges are presumed abandoned under Customs Administrative Order 17-2019 unless covered by a legally issued alert order and upon the finality of the Decree of Abandonment. The Bureau will then decide whether to dispose of the property properly through auction, condemnation, or donation.

By removing port and yard congestion and guaranteeing a smooth flow of business within the agency, the disposition efforts also resulted in effective trade facilitation.

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