Public auctions of seized and abandoned goods generated over P106 million, the Bureau of Customs (BOC) said yesterday.
Items confiscated at ports from July to September were auctioned and the proceeds became part of the BOC’s overall revenue collection.
Various consumer goods, vehicles, fuel products, industrial materials, furniture and assorted merchandise from forfeited shipments were sold by the Auction and Cargo Disposal Division of the Port of Manila, Manila International Container Port and Ninoy Aquino International Airport.
‘Through the consistent conduct of lawful and transparent auctions, the BOC fulfills its mandate of protecting government revenues and facilitating legitimate trade,’ Customs Commissioner Ariel Nepomuceno said.
The BOC is mandated to dispose confiscated and abandoned goods through a public auction, negotiated sale or donation.