BOC earns P237M from auction of overstaying containers

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BOC earns P237M from auction of overstaying containers
Photo from Bureau of Customs.
  • The contents of 893 overstaying containers at ports nationwide were disposed of by the Bureau of Customs from January to August this year
  • 379 million revenue was raised from public auction of the contents of 318 containers
  • Goods in 519 were condemned while those in 56 were donated to various government agencies

The Bureau of Customs (BOC) earned P237.379 million from the auction of contents of 318 overstaying containers, part of the 893 containers it disposed of from January to August 2022.

Condemned were 519 containers while 56 other boxes were donated to various government agencies, the agency said in a statement.

BOC earlier said the disposal of overstaying containers is “aimed at efficiently facilitating trade by eliminating port and yard congestion, ensuring the smooth flow of business within the agency.”

Cargoes that overstay for more than 30 days from the date of discharge are tagged as abandoned. Once abandonment is decreed as final, BOC will determine the proper disposition of the cargoes.

Under Section 1141 of Republic Act 10863, or the Customs Modernization and Tariff Act, goods for disposition may be donated, declared for official use by BOC, or sold in a 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.

In 2021, BOC disposed of a total of 2,407 overstaying containers and collected P555.444 million in additional revenue from public auctions.