WebAdmin 2 0 0 3 min to read

The auction of expensive autos yields P6.3 million for BOC.

MANILA, Philippines — After auctioning six units of confiscated luxury vehicles, the Bureau of Customs (BOC) collected an additional PHP6.3 million in revenue.

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

A used Porsche Boxster 2001, a used Mercedes Benz SLK350 2001, a used Ferrari Scuderia 430 2008, a used Mercedes Benz SLK55 2001, a used Mercedes Benz E220 2011, and a brand-new Mercedes Benz G500 were among the expensive vehicles relinquished.

These trucks were confiscated at the Manila International Container Port and the Port of Manila, respectively, and were committed to JLDFM Consumer Good Trading and Frebel Enterprise.

RMCE Metal Products purchased the used Mercedes SLK350 2001 and SLK55 2001, while Mopen Trading Corporation purchased the Mercedes Benz G500.

The public auction brought in a total of PHP6,305,000 in non-traditional revenue.

The expensive automobiles were discovered to be undeclared after a thorough physical examination, resulting in seizure and forfeiture for violating Section 1113 of the Customs Modernization and Tariff Act (CMTA).

The Inter-Agency Auction Committee oversaw the public auction sale. In addition, in conjunction with the BTr and the Philippine Land Bank.

Please follow and like us:
Tweet 2k
0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

Enjoy this blog? Please spread the word :)

Would love your thoughts, please comment.x