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BoC confiscates ‘super car’ worth P33M

Anthony Ching

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The Bureau of Customs Port of Manila apprehended a smuggled super car McLaren 620R on Monday.
According to the Port of Manila the said shipment arrived in Manila last 16 July 2020 and it was declared as brand new sports car Porsche Cayman in an attempt to avoid the payment of the appropriate duties and taxes. Although similar in car type, the actual shipment was a McLaren 620R super car with a value of P33 million and corresponding duties and taxes of P16,771,688.91 million.
Port of Manila District Collector Michael Angelo Vargas immediately issued a warrant of seizure and detention on the shipment based on the recommendation of IG-CIIS. Allegedly the consignee Llorin Trading declared duties and taxes amounting to only P1,500,000 Million,  allegedly defrauding the government of possible P15,000,000 worth of revenues.
The consignee and broker of the shipment are now facing possible charges for violation of Section 1400 in relation to Section 1113 of RA 10863 also known as the Customs Modernization and Tarrif Act (CMTA).

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