Saturday, March 6, 2021
Home Customs & Trade BOC collects P1B from auctions in 2020

BOC collects P1B from auctions in 2020

  • The Bureau of Customs disposed of 3,514 overstaying containers and collected P1.077 billion from auctions in 2020
  • The auction revenue was 86.4% higher than in 2019
  • The collection district of Manila International Container Port accounted for P797 million or 74% of the total auction proceeds in 2020

The Bureau of Customs (BOC) in 2020 disposed of a total of 3,514 overstaying containers and collected P1.1 billion in revenues from auction proceeds.

The revenues were generated from the public auction of 1,898 containers of assorted items such as television sets, tiles, and plywood, BOC said in a statement. The bureau also condemned 1,346 containers and donated the remaining 270 containers.

The disposition of the boxes will improve ease of doing business in the bureau and decongest the ports and yards, the bureau said.

According to BOC’s 2020 annual report, last year’s public auction revenue of P1.077 billion is 86.4% higher than the P577.694 million generated in 2019.

The collection district of Manila International Container Port accounted for P797 million or 74% of the total auction proceeds in 2020, while the remaining revenues were realized from the public auctions at the Port of Manila, Batangas, Cebu, Zamboanga, Davao, Subic, Clark, and Cagayan De Oro.

Overstaying containers are either seized or abandoned. Cargoes overstaying for more than 30 days from the date of discharge and not withdrawn within the specified period of time will be tagged abandoned. Once the Decree of Abandonment is finalized, BOC will then determine the proper disposition of the cargoes.

READ: BOC issues abandonment procedures during ECQ

Under Section 1141 of the Customs Modernization and Tariff Act, goods for disposition may be donated, declared for official use by BOC, or sold at public auction. Goods suitable for shelter or consisting of foodstuff, clothing materials, or medicines may be donated to the Department of Social Welfare and Development.

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