The Bureau of Customs (BOC) reported a significant increase in the seizure of smuggled commodities in 2024, totaling P84.356 billion. Agricultural products were the most frequently seized items, followed by currencies, cigarettes, and counterfeit goods.
The Bureau of Customs ( BOC ) seized P84.356 billion worth of smuggled commodities from January to November 2024, according to an official. During the SGV’s Tax Symposium on Wednesday, Customs Assistant Commissioner Vincent Philip C. Maronilla reported that the BOC has conducted a total of 1,572 seizures in 2024, amassing P84.356 billion. Agricultural products were the most seized commodity last year, with 977 in number of seizures, valued at P856.793 million.
“This focus reflects our dedication to protecting local industries and ensuring food security by preventing the unlawful entry of contraband agricultural activities,” Maronilla said. This was followed by currencies or smuggled money worth P138.906 million with 169 seizures throughout the year. A total of P8.583-billion smuggled cigarettes, tobacco and vape products were also confiscated 167 times in 2024. In terms of estimated value, counterfeit goods topped the list with P34.698 billion, followed by various items at P33.443 billion. “In addition to its seizure operations and the disposal of smuggled and perfected goods, the Bureau has undertaken decisive action against individuals involved in illicit trade activities,” Maronilla added. The BOC has revoked the Customs Accreditation of 48 importers and customs brokers found in violation of Customs Regulations.Moreover, the BOC has marked 80.23 billion liters of fuel in 2024. This generated P220.77 billion in taxes.As part of the Tax Reform for Acceleration and Inclusion (Train) law, the program began on September 4, 2019, to ensure that oil products available in the market comply with tax regulations. According to the law, petroleum products that are refined, manufactured or imported to the Philippines such as unleaded premium gasoline, kerosene and diesel, must be marked by an official marking agent after taxes and duties have been paid. As of end-November 2024, the BOC has raised P850 billion in revenues,
SMUGGLING BOC CUSTOMS SEIZURES TAX REFORM
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