BOC seizes 44 luxury cars worth P900-M from car repair shop in Taguig

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Transcript

00:00Meanwhile, a Taguig City car repair shop is a front for a bigger business of extended storage or parkings for smuggled high-end wheels.

00:07Bureau of Customs agents seized at least 44 luxury cars collectively,

00:11pegged at over 900 million pesos with at least 30% taxes due,

00:16bringing the bottom line to at least a 1.2 trillion pesos that are Christian Vascones' details in this report.

00:23The Bureau of Customs or BOC seized 44 luxury vehicles stored in a car repair shop in Taguig City,

00:31including Ferraris, Porsches, and Rolls-Royces.

00:33According to the Customs Bureau, the total estimated market value of these vehicles is 900 million pesos,

00:39and the estimated unpaid tax is 300 million to 400 million pesos.

00:43Customs suspected that these luxury cars are owned by POG bosses or POG operators,

00:48and some are owned by foreigners who only listed some Filipinos whom they know to pose as owners.

00:53BOC Manila International Container Port Customs Intelligence and Investigation Chief Alvin Enciso

00:58related to the press how they located this storage.

01:23Customs is still waiting for the submission of the owner's car documents so that they can proceed with the legal process.

01:49The owners, lessees, lessors, occupants, representatives, or any responsible parties

01:54have 15 days from receiving the letter of authority to present documentation proving proper payment of all duties and taxes.

02:02Failure to do so will result in charges under the Customs Modernization and Tariff Act.

02:07Meanwhile, the storage facility has been sealed and formal inventory will be conducted by Customs examiners

02:12in the presence of the Customs Intelligence and Investigation Service,

02:15Enforcement and Security Service, barangay officials, and storage representatives.

02:20For his part, the management of the car repair shop that serve a storage facility

02:24of the apparently smuggled vehicles committed to cooperate and help BOC in their investigation.

02:31Christian Bascones from the National TV Network for a new and better Philippines.

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