BOC seizes P1.4-B luxury cars in Pasay, Parañaque

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The story "BOC seizes P1.4-B luxury cars in Pasay, Parañaque" was covered 1 weeks ago by Business Mirror, a news publisher based in Philippines.

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BOC seizes P1.4-B luxury cars in Pasay, Parañaque - Business Mirror

Quick Summary:

THE Bureau of Customs (BOC) seized P1.4 billion worth of imported luxury vehicles in the warehouses it raided in Pasay and Parañaque cities on Thursday.

This prompted the agency to move and verify the legitimacy of the vehicles’ importation and determine if the correct duties and taxes due were paid.

If found without proper documents, they could face charges in violation of Sections 1400, 1401 in relation to Section 1113 of Republic Act 10863, or the Customs Modernization and Tariff Act (CMTA).