Port of Cebu Seizes Grossly Undervalued Shipment with Falsified Documents

Port of Cebu Seizes Grossly Undervalued Shipment with Falsified Documents

MANILA — The Port of Cebu foiled an attempt to release grossly undervalued bulk shipment of Brand New 2020 Model KR165C Rotary Drilling Rig from China after importation documents were found to have been falsified.

The averted smuggling attempt would have cost the government a loss of over Php1.3 million in customs duties and taxes.

Per goods declaration, the shipment consigned to JLINKS MARKETING is worth $25,600.00 and was supported with Load Port Survey Report (LPSR) submitted by the representatives of the consignee. Based on this declared value, the total payable duties and taxes was computed at only P159,390.00.

As a matter of standard procedure, the assigned Examiner and Appraiser made further verification and found out that the LPSR submitted by the consignee’s representatives was falsified and the shipment is actually worth $247,000.00 with duties and taxes supposed to reach Php1,472,774.00. The discrepancy in value resulted in a staggering difference of over 89% in customs duties and taxes.

Atty. Charlito Martin R. Mendoza, Acting District Collector, immediately issued a Warrant of Seizure and Detention against the entire shipment after finding probable cause for violation of Section 1113 (F) and (L) (3), (4), and (5) in relation to Section 1400 of the Customs Modernization and Tariff Act.

Importers and their representatives are warned against similar deceitful schemes as the Port’s examiners and appraisers are thorough in the examination of the genuineness and veracity of importation documents.

This latest apprehension is in line with the relentless campaign of the Bureau of Customs, under the leadership of Commissioner Rey Leonardo B. Guerrero, against technical smuggling that deprives the government of correct duties and taxes due on imported articles. (KIARA LAUREN IBANEZ/B. Cuaresma/AI/MTVN)

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