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Friday, March 29, 2024

BoC auction set next week

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The Bureau of Customs would auction off next week a Jaguar sports car, top-of the-line mobile phones, plastic resin and other imported merchandise worth P24 million seized at the Manila International Container Port.

The bureau, the government’s second largest revenue generating agency, said the proceeds from the MICP auctions have reached P92.857 million in January to March, with an additional P60.586 million in April.

“As of June 2016, MICP has disposed of 475 containers through public auction,” the BoC said in a statement.

The disposal of the 78 containers is in line with provisions of Section 2601 to 2610 of the Tariff and Customs Code of the Philippines, the bureau said.

Also up for auction are paraffin wax, plastic resin, used household goods, flexibags, industrial grade refined, bleached and deodorized coconut oil, C2S offset paper, compressors, hot rolled steel wire rod, and high density polyethylene resin. “Public viewing of merchandise and pre-bid conference for qualified bidders is on June 13, 2016,” the BoC said.

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