Date: 2013-08-01

BOC Looks Into Steel Importation

MANILA, Philippines --- The Bureau of Customs (BOC) is conducting a profiling of all steel importers to validate reports that some of them violated Customs laws by engaging in alleged undervaluation of their steel importations.

Customs Commissioner Ruffy Biazon has ordered a Post Entry Audit on all steel importations to substantiate the allegations that some steel importers defrauded government with millions of pesos in taxes.

The allegations were raised by the Philippine Iron and Steel Institute which alerted Biazon on the pernicious illegal activity of some steel importers.

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