BOC suspends Mighty import accreditation

March  15, 2017 – The Bureau of Customs (BOC) ordered on Tuesday the preventive suspension of the customs accreditation of cigarette manufacturer Mighty Corporation (MC) for alleged violation of customs regulations.

Legal Service Director Alvin Ebreo said a preventive suspension order had been issued previously against the company by then Commissioner John Sevilla in 2013 for infraction of customs bonded warehouse privileges.

Sevilla’s investigation of MC also included its violation of the 30% threshold for the withdrawal of raw materials for local consumption.

The Fiscal Intelligence Unit of the Department of Finance also reported that there was an undervaluation of the importation amounting to P163,117,995.

In order to withdraw raw materials for local consumption, its correct value must be determined first for the payment of correct duties and taxes.

Apart from MC’s previous violations, the BOC cited recent raids of warehouses in Zamboanga City, General Santos City, and San Simon town in Pampanga province, that yielded more than P2 billion worth of counterfeit cigarettes, as among the bases of the suspension.

BOC Commissioner Nicanor Faeldon said the order is also in the light of the Bureau’s mandate to prevent smuggling and other cases of customs fraud detrimental to the government interest.

The initiative will provide the government an unhampered venue for investigation, and free it from any collateral issues and concern, according to Ebreo. He added that the suspension is a purely administrative case and within the BOC’s powers and jurisdiction. #

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Posted in Bureau of Customs, Nicanor Faeldon, Uncategorized

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Nicanor Faeldon Bureau of Customs
Tel. No. 527 – 45 37

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