BOC generates over P1-B revenue from auctioning overstaying cargoes

MANILA, Philippines – The Bureau of Customs (BOC) said it has collected more than P1 billion worth of revenues from the disposal of overstaying containers last year.
In a statement issue Thursday, the BOC said its Assessment and Operations Coordinating Group, Auction and Cargo Disposal Division and auction and cargo disposal units of all collection districts disposed a total of 3,514 overstaying containers from January to December 2020.
“The disposition of overstaying containers resulted in revenue generation of P1,076,588,805.44 from public auction of 1,898 containers of assorted items such as TV, Tiles, Plywood, among others, and condemnation of 1,346 containers and donation of the remaining 270 containers,” the bureau said.
The BOC said that the disposal of overstaying cargoes will help improve the ease of doing business in the bureau, and decongestion of ports and yards.
Overstaying containers are either seized or abandoned.
Under Customs Memorandum Order 10-2020, overstaying cargoes for more than 30 days from the date of discharge which have not been withdrawn within the specified period of time shall be tagged abandoned. Upon finality of the Decree of Abandonment, the Bureau shall then make the proper determination as to its disposition.
Under Section 1141 of the Customs Modernization and Tariff Act, goods subject to disposition may be donated, declared for official use by the Bureau, or sold at public auction, while goods suitable for shelter, or consisting of foodstuffs, clothing materials, or medicines may be donated to the Department of Social Welfare and Development.