BOC suspends Mighty Corp's import accreditation
InterAksyon.com means BUSINESS
MANILA, Philippines - The Bureau of Customs ordered on Tuesday the preventive suspension of the import accreditation of cigarette manufacturer Mighty Corporation for alleged violation of customs regulations.
In a statement issued Wednesday, the bureau said the suspension was based on Mighty's previous customs violatons and raids of the company's warehouses in Zamboanga City, General Santos City, and San Simon town in Pampanga province that yielded more than P2 billion worth of counterfeit cigarettes.
"Consequently, the initiative will provide the government an unhampered venue for investigation, and free it from any collateral issues and concern," said BOC Bureau Action Team Against Smugglers Executive Director Alvin Ebreo.
A preventive suspension order had been issued in 2014 against Mighty by then Customs Commissioner John Sevilla for infraction of customs bonded warehouse privileges, Ebreo said.
Also, the BOC said that the Fiscal Intelligence Unit of the Department of Finance reported that Mighty had an undervaluation of the importation of its cigarette-manufacturing materials amounting to P163,117,995.
BOC Commissioner Nicanor Faeldon said the order against Mighty "is also in the light of the Bureau’s mandate to prevent smuggling and other cases of customs fraud detrimental to the government interest."