MANILA, Philippines - The Department of Justice (DOJ) has junked the P5-billion smuggling case against publicly-listed independent oil player Phoenix Petroleum Philippines, Inc. for lack of evidence.
According to Phoenix lawyer Raymond Zorrilla, the DOJ, in a resolution dated November 16, ruled that the Bureau of Customs (BOC) failed to present enough evidence to indict Phoenix for violations of the Tariff and Customs Code.
In a complaint filed in May 2011, the BOC charged Dennis Ang Uy, Phoenix president and chief executive officer, Davao-based customs broker Jorlan Capin Cabanes, several "John Does" and "Janes Does" for alleged non-payment of excise and value-added taxes(VAT)
The bureau also accused them of non-submission of import documents such as invoices and bills of lading for several importations of various petroleum products from Thailand with a combined dutiable value of P5,144,035,000 between June 2010 and April 2011.
Phoenix was listed 211th among the country's top 1,000 corporations in 2009. The company praised the DOJ decision.