Govt fuel marking tack raises P242B in duties, taxes

Quick Summary:

A total of P242 billion in duties and taxes were collected by the Bureau of Customs (BOC) in 2024 under its fuel marking program.

These garnered over 200 intelligence officers to enhance coordination, share best practices, and strengthen the collective response to smuggling activities.

The BOC also noted that it revoked the accreditations of 56 importers and customs brokers found violating customs regulations as part of efforts to reinforce compliance.

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Article Details

Author / Journalist: Ada Pelonia

Category: BusinessStartups

Markets: Philippines

Topics: Marking Petroleum Customs Agency Products Billion Fuel Taxes Program Year Enforcement

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 12:38:03 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 420 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 26103524

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 75 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

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