DTI forfeits cement surety bond

The Department of Trade and Industry (DTI) forfeited the surety bonds of some importers for violations of government rules, regulations and standards that affect consumer safety.

Violations committed by importers are mostly on selling of cement without any import commodity clearance or statement of confirmation (SOC). The SOC is proof that the cement passed quality testing before a cement product is allowed to be sold in the market.

With the influx of cement entering 25 out ports in the country coming from Vietnam, China, Thailand, Taiwan, Indonesia and even from Pakistan, the DTI forfeited the surety bonds of some cement importer that violated Department Administrative Order No 17-06, Series of 2017.

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