Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

BoC seizes P260M worth of smuggled cigarettes from Vietnam

by
February 24, 2021
in Investing News
0
BoC seizes P260M worth of smuggled cigarettes from Vietnam
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

THE Bureau of Customs (BoC) seized late Tuesday three containers of cigarettes from Vietnam valued at P260 million, which had been smuggled into the country via Bataan, the Department of Finance said.

In a statement Wednesday, the BoC said the intercepted shipments contained master cases carrying the “Mighty” and “Two Moon” brands, along with premium Vietnamese rice.

The containers were intercepted at checkpoints in Hermosa, Orion and Limay, Bataan, Finance Secretary Carlos G. Dominguez III said via Viber, citing a report from Customs Commissioner Rey Leonardo B. Guerrero.

Mr. Guerrero said the captain of the ship that delivered the containers “cannot explain the presence of cigarettes” in the cargo but he was able to present transport documents for the rice.

“We took control of the ship and crew and will issue warrant of seizure,” Mr. Guerrero was quoted as saying.

The BoC said the imports were consigned to Asia Pacific Rice Trading Corp., with a counterfeit statement of settlement of duties and taxes for the rice. There were no tax stamps on the cigarettes according to the BoC. Cigarette packs on the Philippine market carry a seal indicating the payment of taxes.

The crew of the LCT Yellow River vessel and the truck crews are subject to investigation.

“As the overall trade environment gradually recovers from the COVID-19, the BoC remains committed in its campaign against smuggling,” Customs said. — Beatrice M. Laforga

ShareTweetPin

Related Posts

US ban fuels Djokovic’s Wimbledon motivation
Investing News

US ban fuels Djokovic’s Wimbledon motivation

June 26, 2022
Kvitova surges past Ostapenko to claim Eastbourne crown, Fritz wins men’s title
Investing News

Kvitova surges past Ostapenko to claim Eastbourne crown, Fritz wins men’s title

June 26, 2022
Unpredictability
Investing News

Unpredictability

June 26, 2022
SpaceX launch of PHL operations expected to be delayed past June
Investing News

SpaceX launch of PHL operations expected to be delayed past June

June 26, 2022
Gatchalian calls debt management higher priority than fuel excise freeze
Investing News

Gatchalian calls debt management higher priority than fuel excise freeze

June 26, 2022
NIA may open 50 irrigation projects to PPP
Investing News

NIA may open 50 irrigation projects to PPP

June 26, 2022
Next Post
Mindanao Rail construction timetable slips pending Chinese loan

Mindanao Rail construction timetable slips pending Chinese loan

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Canadian home sales rebound by a record 56.9% in May: CREA

Canadian home sales rebound by a record 56.9% in May: CREA

June 15, 2020
Boosted: A Fast Social Video Creation App from Lightricks

Boosted: A Fast Social Video Creation App from Lightricks

February 1, 2021
Renault CEO says eight-year plan can turn round carmaker

Renault CEO says eight-year plan can turn round carmaker

October 18, 2020
Forex – Dollar Gains Versus Yen, Swiss Franc; Sterling Weakens

Forex – Dollar Gains Versus Yen, Swiss Franc; Sterling Weakens

March 31, 2020
Berkshire Hathaway to pay $4.1 million to settle alleged Iran sanctions violations

Berkshire Hathaway to pay $4.1 million to settle alleged Iran sanctions violations

October 20, 2020

Pilipinas Shell net income surges to P3.5 billion

May 12, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.