Negosyante News

February 22, 2025 3:39 pm

P900M Worth of Smuggled Luxury Cars Seized in Taguig

The Bureau of Customs (BOC) has confiscated 44 allegedly smuggled luxury cars worth ₱900 million from a warehouse in Taguig City.

The seized vehicles include Ferraris, Porsches, Maseratis, Rolls Royces, McLarens, Lamborghinis, and Mercedes-Benz models, among others.

Cracking Down on Smuggled Vehicles

Customs Commissioner Bien Rubio stated that this latest seizure adds to billions of pesos worth of smuggled luxury cars intercepted in recent operations.

“The BOC’s intelligence unit remains on high alert against smuggling, and this operation exposes underground businesses exploiting the demand for high-end vehicles,” Rubio said.

Third Major Raid on Luxury Car Shops

The raid, conducted at a car shop on Levi Mariano Avenue, Barangay Ususan, was the third in Metro Manila, following similar operations in Parañaque, Pasay, and Makati.

BOC agents issued a Letter of Authority (LOA) to the shop owner, requiring proof that all duties and taxes had been properly paid. The owners have 15 days to submit documents, or they may face charges under the Customs Modernization and Tariff Act (CMTA).

No comment yet, add your voice below!


Add a Comment

Your email address will not be published. Required fields are marked *

Subscribe to Our Newsletter and get a free pdf:

Sign Up for negosyante news

and receive a copy of The Crypto Cheat Sheet (PDF)
and NFT Cheat Sheet for free!

* indicates required