Gov’t targets Subic oil smugglers
After the controversial destruction of smuggled luxury vehicles at the Subic Free Port, the Presidential Anti-Smuggling Group is now going after oil smugglers who he said accounts for about a third or the biggest illegally smuggled product in the country.
Undersecretary Antonio Villar Jr., PASG head, said in a briefing at Malacañang Sunday that the government loses an estimated P20 billion annually to oil smugglers.
He estimated annual revenue loss that the Bureau of Customs incurred due to smuggling from about P50 billion to P60 billion.
Villar said they are now investigating at least three oil companies operating within the Subic and Clark Freeport Zones, namely Tri-Solid Movers Services Inc., Oil Link and PTT Philippines Corp., for supposed failure to liquidate millions of liters of fuel amounting to billions of pesos.
He said initial charges had been filed three weeks ago against Tri-Solid, which reportedly has failed to liquidate some 138 million liters of fuel from the Subic Freeport, which amounts to about P3 billion.
Edmundo Arugay, PASG operations head, said an initial case of falsification of commercial documents had been filed against Tri-Solid for submitting documents pertaining to their alleged supplying of fuel to “tax-exempted" companies or locators that are supposedly operating within the Subic Freeport.
Arugay said based on their investigations these locators either do not exist or those that exist are not “tax-exempt" companies. Locators are companies that are exempted from taxes as they only serve those within the Free Port zones.
He said they are now waiting for the joint audit report of the Bureau of Customs and the Subic Freeport as well as the liquidation documents from the oil distributor to determine if the fuel were really unaccounted for.
He said they expect to receive the report within the week, which would serve as basis if the additional charges of violation of the provisions of the Tariff and Customs Code of the Philippines (TCCP) and the Revised Penal Code (RPC) and economic sabotage charges would be filed. - GMANews.TV
Undersecretary Antonio Villar Jr., PASG head, said in a briefing at Malacañang Sunday that the government loses an estimated P20 billion annually to oil smugglers.
He estimated annual revenue loss that the Bureau of Customs incurred due to smuggling from about P50 billion to P60 billion.
Villar said they are now investigating at least three oil companies operating within the Subic and Clark Freeport Zones, namely Tri-Solid Movers Services Inc., Oil Link and PTT Philippines Corp., for supposed failure to liquidate millions of liters of fuel amounting to billions of pesos.
He said initial charges had been filed three weeks ago against Tri-Solid, which reportedly has failed to liquidate some 138 million liters of fuel from the Subic Freeport, which amounts to about P3 billion.
Edmundo Arugay, PASG operations head, said an initial case of falsification of commercial documents had been filed against Tri-Solid for submitting documents pertaining to their alleged supplying of fuel to “tax-exempted" companies or locators that are supposedly operating within the Subic Freeport.
Arugay said based on their investigations these locators either do not exist or those that exist are not “tax-exempt" companies. Locators are companies that are exempted from taxes as they only serve those within the Free Port zones.
He said they are now waiting for the joint audit report of the Bureau of Customs and the Subic Freeport as well as the liquidation documents from the oil distributor to determine if the fuel were really unaccounted for.
He said they expect to receive the report within the week, which would serve as basis if the additional charges of violation of the provisions of the Tariff and Customs Code of the Philippines (TCCP) and the Revised Penal Code (RPC) and economic sabotage charges would be filed. - GMANews.TV
Labels: oil, oilink, pasg, ptt, smuggling, subic bay freeport, tri-sold, villar
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