Manila, Jan. 9 -- The Bureau of Customs (BOC) seized eight high-value vehicles in Taguig City on Thursday, estimated to be worth PHP143 million.

In a statement, Commissioner Ariel Nepomuceno said the bureau enforced several court-issued search warrants against multiple companies for probable violations of the Customs Modernization and Tariff Act (CMTA).

He noted that the operation at a multi-level parking facility in Taguig City was the result of sustained intelligence buildup and inter-agency coordination which include the Independent Commission for Infrastructure (ICI), the Philippine Coast Guard (PCG), Land Transportation Office, Philippine National Police, Highway Patrol Group, Taguig City Police, the Criminal Investigation and Det...