BOC marks 17.04-B liters of fuel, collects P165.96-B taxes for 2021

Now in its third year of implementation, the Bureau of Customs (BOC) marked 17,0336,061,436 liters of gasoline, diesel, and kerosene and collected taxes amounting to P165.96 billion from January to December 2021 through the continuing implementation of the government’s Fuel Marking Program.

In line with the program’s campaign to address fuel smuggling, the BOC and BIR apprehended a total of 86,888 liters of diesel and kerosene and seized two (2) units of tank trucks carrying unmarked fuel with an estimated value of P5.16 million and P7.4 million, respectively. Tanks of eight (8) retail stations where these unmarked fuels were found were likewise sealed and recommended for filing of criminal cases.

Since its implementation from September 2019 to December 2021, the BOC and BIR marked 34.59 billion liters of fuel and generated revenue amounting to P313.98 billion. (BOC PR) – bny

Popular

Int’l logistics firm lauds PBBM for supporting their PH investments

By Dean Aubrey Caratiquet Capitalizing on the rapid growth of e-commerce and international trade facilitated by online marketplaces, FedEx Corporation is one of the big...

Malacañang assures unhampered response to economic challenges

By Dean Aubrey Caratiquet As the repercussions of geopolitical developments in the Middle East continue to cause global shocks, Malacañang said that the government is...

PH retains title as Asia’s Leading Dive Destination, bags 6 other Asia wins

By Dean Aubrey Caratiquet The Philippines is indeed blessed with awe-inspiring wonders that can be found nowhere else in the world, from seas overflowing with...

PBBM strengthens local tax administration, institutionalizes local government reforms

By Dean Aubrey Caratiquet Aligned with the administration’s thrust to champion sweeping reforms in government, President Ferdinand R. Marcos Jr. issued Administrative Order No. 49...