Share on facebook
Facebook
Share on twitter
Twitter
Share on email
Email

BOC collects P37B in fuel marking levy

Share on facebook
Facebook
Share on twitter
Twitter
Share on email
Email
The Bureau of Customs has marked 4.15 billion liters of kerosene, diesel, and gasoline in the second quarter of 2021, equivalent to P37.37 billion in taxes collected*

The Bureau of Customs collected P37.37 billion in taxes under the Fuel Marking Program in the second quarter of 2021.

The BOC continuously implements its mandate to mark fully paid imported petroleum products under the program, and a total of 4,157,638,726 liters of kerosene, diesel, and gasoline were marked for the second quarter of 2021, equivalent to P37.37 billion in taxes collected, it said in a press release yesterday.

For 2021 alone, the BOC was able to mark 8.35 billion liters of fuel, equivalent to P74.72 billion in taxes collected.

The markers serve as identifiers during field testing to determine the presence of illicit fuel in the market.

The program aims to raise revenues while curbing fuel smuggling and leveling the Philippine oil industry’s playing field, the BOC said.

From September 2019 to June 2021, the BOC and Bureau of Internal Revenue already marked a total of 25.91 billion liters of fuel and have collected P252.22 billion in duties and taxes under the program.

Meanwhile, the BOC also reported yesterday the seizure of 276 illegally-imported carnivorous plants at Paircargo warehouse in Pasay City on July 5.

The BOC-NAIA and the Department of Environment and Natural Resources discovered the carnivorous plants during the physical examination of 10 imported packages from Netherlands.

The DENR verified that these plants, later identified as Drosera, Nepenthes, Dionaea, Sarracenia, Pinguicula, and Cephalotus, worth P150,000, were unlawfully imported into the country without the required Sanitary and Phytosanitary Import Clearance and Cites Permit from the agency.

Carnivorous plants have already been globally declared as critically-endangered and are among the world’s rarest and most endangered plants.

The collection and trade of these insect-eating plants are restricted under Republic Act 9147, or the Philippine Wildlife Resources Conservation and Protection Act, the BOC said.*

ARCHIVES

Read Article by date

March 2024
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031

Get your copy of the Visayan Daily Star everyday!

Avail of the FREE 30-day trial.