The Bureau of Customs said Monday it booked an additional revenue of P198 million from public auction of goods in the first seven months.
BoC said in a statement actual proceeds from the public auction of 600 containers reached P197.77 million.
It said apart from those that were auctioned, there were additional 247 containers disposed by condemnation.
Meanwhile, a total of 2,731 containers was disposed by Manila International Container Port and generated P1.25 billion in proceeds from January 2014 to July 12, 2016.
“The bureau expects MICP to continually conduct public auction of shipments that are ready for disposal,” BoC said.
The agency said it expected to generate another P18 million in additional revenue from the public auction of various goods at MICP.
The additional revenue was expected from the sale of 13 lots, consisting of 37 by 40 footer and 27 by 20 footer containers of various goods on July 26 at MICP.
BoC said pursuant to the provisions of Section 2601 to 2610 of the Tariff and Customs Code of the Philippines, as amended, in relation to Customs Administrative Order 10-2007, the public auction through sealed bidding would be conducted by the auction and cargo disposal division at MICP.
The shipments up for auction were subjected to examination and inventory and contain items such as used dump trailer and parts, used motorcycles, used furniture and household goods, pasta and milk powder.
BOC said other shipments contained medical supplies and equipment, air-conditioners and spare parts, flexibags industrial grade RBD, tanned leather and religious books.
BOC said there was also a condemnation/rendering in Vitas, Tondo, Manila for 33 containers of frozen meat. Rendering is the process where the meat is cooked into powderized animal feeds. The condemnation started on July 12. Some 114 containers of frozen meat would soon follow condemnation and composting in Norzagaray, Bulacan.