BOC raises additional P106 million revenues from auction

THE Bureau of Customs (BOC) generated more than ₱106 million from public auctions of seized and abandoned goods conducted across its ports from July to September, highlighting the agency’s drive to transform unutilized resources into revenue that supports national programs and fiscal stability.

In a statement, the auctions were spearheaded by the Auction and Cargo Disposal Division (ACDD) of the Port of Manila, Manila International Container Port, and Ninoy Aquino International Airport.

Among the items auctioned were various consumer goods, vehicles, fuel products, industrial materials, furniture, and assorted merchandise from forfeited shipments, yielding a total of ₱106,926,450.

Under the provisions of RA 10863 or the Customs Modernization and Tariff Act (CMTA) as implemented by Customs Administrative Order (CAO) No. 03-2020 dated January 8, 2020, and other relevant customs laws, rules, and regulations, the BOC is mandated to dispose seized and abandoned goods through public auction, negotiated sale, or donation.