By Tetch Torres
MANILA, Philippines – The Bureau of Customs has filed a P5-billion smuggling case against an independent oil industry player in the country.
In its complaint lodged Thursday before the Department of Justice, the BoC alleged that Phoenix Petroleum Philippines violated the Tariff and Customs Code for non-payment of excise and value added taxes, non-submission of import documents such as invoices and bills of lading.
Named in the complaint is Dennis Ang Uy, President/Chief Executive Officer of Phoenix, Jorlan Capin Cabanes, a Davao-based customs broker and several John and Jane Doe/s.
As of posting time, INQUIRER.net is trying to reach Phoenix Petroleum for its reaction to the charges.
Investigation conducted by the BoC through its Run-After-The Smugglers (RATS) showed that between June 2010 and April this year, Phoenix made several importations with a combined dutiable value of P5.144 billion.
Read here.
MANILA, Philippines – The Bureau of Customs has filed a P5-billion smuggling case against an independent oil industry player in the country.
In its complaint lodged Thursday before the Department of Justice, the BoC alleged that Phoenix Petroleum Philippines violated the Tariff and Customs Code for non-payment of excise and value added taxes, non-submission of import documents such as invoices and bills of lading.
Named in the complaint is Dennis Ang Uy, President/Chief Executive Officer of Phoenix, Jorlan Capin Cabanes, a Davao-based customs broker and several John and Jane Doe/s.
As of posting time, INQUIRER.net is trying to reach Phoenix Petroleum for its reaction to the charges.
Investigation conducted by the BoC through its Run-After-The Smugglers (RATS) showed that between June 2010 and April this year, Phoenix made several importations with a combined dutiable value of P5.144 billion.
Read here.
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