MANILA, Philippines - In an ongoing name-and-shame campaign against erring importers, the Bureau of Customs has filed smuggling charges against a proprietor and broker of a company for allegedly undervaluing its shipments.
In a statement on Thursday, the BOC said Jesus del Mundo Pangilinan, proprietor of Kingpoll Marketing, has declared the value for its 12 imported excavators at P7.9 million, about 90% lower than proper value of the items.
The BOC said Kingpoll almost evaded around P10 million-worth of duties and taxes since the excavators should have been valued at P86 million.
Kingpoll's broker, a certain Brix Dalugdog Evale, will also face charges, the statement said.
These cases are under the BOC's Run After the Smugglers (RATS) program, which aim to shore up customs collections amid widening national budget deficit.