MANILA, Feb. 21 -- The Bureau of Customs (BOC) called on owners or claimants of luxury vehicles covered with Letters of Authority (LOA) to settle the correct duties and taxes through voluntary payment instead of a Warrant of Seizure and Detention (WSD).
Customs Commissioner Rubio, in a news release Friday, said a voluntary payment will spare the government and the concerned parties the complicated and tedious process of warrant and seizure proceedings, while the imported goods or articles are being held and exposed to government forfeiture.
Section 224 of the Customs Modernization and Tariff Act (CMTA) allows the owners/claimants to exercise this option within 15 days from the implementation of the LOA.
He cited Section 5 of Customs Ad...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.