Metro Manila (CNN Philippines, April 7) – The Bureau of Customs was able to collect nearly ₱140 million in the first quarter of the year from the disposal of overstaying containers in the country.
The BOC said its Assessment and Operations Coordinating Group and Auction and Cargo Disposal Division disposed of a total of 586 overstaying containers.
The bureau collected P138,535,866 after the auction of 354 overstaying containers carrying assorted items such as rice and galvanized steel, and the condemnation of 232 other containers.
The agency said these overstaying containers were either abandoned or seized under Sections 1139 and 1141 of the Customs Modernization and Tariff Act, which provides for the conditions and modes of disposition, respectively.
Cargoes are considered abandoned if they were not withdrawn from the regulatory period of 30 calendar days from payment of duties, taxes, and other charges.
“Significantly, these disposition activities are aimed at efficiently facilitating trade by eliminating port and yard congestion, thereby ensuring smooth flow of business within the agency,” the BOC said in a statement.
