The Bureau of Customs (BOC) has generated over ₱106 million in revenue from public auctions of seized and abandoned goods conducted across its ports from July to September.
In a statement over the weekend, Customs Commissioner Ariel Nepomuceno disclosed that the auctions, facilitated by the BOC’s Auction and Cargo Disposal Division, featured a diverse range of consumer goods, vehicles, fuel products, industrial materials, and furniture.
“The public auctions yielded a total of ₱106,926,450, contributing to the government’s revenue collection,” Nepomuceno said, adding that the proceeds from these auctions will support national programs and fiscal stability.
The BOC is mandated to dispose of seized and abandoned goods through public auction, negotiated sale, or donation, as per the Customs Modernization and Tariff Act (CMTA) and relevant customs laws.
Nepomuceno emphasized the agency’s commitment to transparency and accountability in all cargo disposal activities.
The BOC affirmed its commitment to accountability and efficiency in all cargo disposal activities, ensuring that government resources are optimized for the benefit of the Filipino people.
“With this, the agency continues to strengthen its efforts in protecting government revenues and facilitating legitimate trade,” he added.
