MANILA – The Bureau of Customs (BOC) – Manila International Container Port (MICP) has generated PHP1.8 million in revenue from a recent public auction of forfeited goods.
In a statement on Wednesday, District Collector Rizalino Jose Torralba reported that the auction of 13 containers with different items was conducted on November 29, 2024.
He said the containers from four sale lots, including items such as sandals, inflatable pools, cylindrical hinges, sodium sulphate, fire-protective board kits, one unit used motor vehicle, and other assorted goods.
The Auction and Cargo Disposal Division of the MICP collected PHP 1,782,500 from auction proceeds and PHP 20,200 from bidder registration fees.
The public auctions were mandated under Sections 1118 and 1139 to 1151 of the Customs Modernization and Tariff Act (CMTA) and guided by Customs Administrative Order (CAO) 03-2020.
Torralba said such provisions permit the Bureau to dispose of seized, abandoned, and forfeited goods through various modes of disposition, including public auctions.
He added that the process not only generates revenue for the national treasury but also supports the BOC’s efforts to secure the country’s borders and prevent the entry of illicit and non-compliant imports. (PNA)