Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    BusinessNewsAsia.comBusinessNewsAsia.com
    Subscribe
    • Home
    • Top Stories
    • Business
    • Tech
    • Companies
    • Events
    • Announcements
    BusinessNewsAsia.comBusinessNewsAsia.com
    Home»Announcements»PH customs seizes P7 Billion worth of counterfeit goods
    Bureau of Customs
    Announcements

    PH customs seizes P7 Billion worth of counterfeit goods

    Michael ChenBy Michael ChenAugust 9, 2021No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    As part of the intensified effort of the Bureau of Customs to fight smuggling and the proliferation of counterfeit goods, the Intellectual Property Rights Division (IPRD) – Customs Intelligence and Investigation Service (CIIS) under the Intelligence Group (IG) and Port of Manila District Office in coordination with the Armed Forces of the Philippines and the Philippine Coast Guard seized various counterfeit items in Bagong Milenyo, Pasay City on July 28, 2021.

    The team was armed with a Letter of Authority and Mission Order issued by Commissioner Rey Leonardo Guerrero. Upon inspection of the storage facilities, the team discovered various items bearing known registered marks such as Louis Vuitton, Gucci, Vans, Fubu, Tribal, Under Armour, Nike, Adidas, Zara, H&M, Calvin Klein, Old Navy, Guess, Lee, Tommy Hilfiger, Lacoste, Havaianas, Freego, Wrangler, Burberry, Jordan, Gap, Bershka, Macbeth, Puma, Hollister, Reebok, Joe Malone and Bulgari, among others. The goods were estimated to have a value amounting to P7,429,638,000.00.

    The imported counterfeit items were seized for violation of Section 108 (f) of RA 10863 also known as the Customs Modernization and Tariff Act (CMTA) and RA 8293 otherwise known as the Intellectual Property Code of the Philippines. The operation marks the Bureau of Customs’ biggest accomplishment resulting from a single operation to date.

    As the businesses strive to recover from the impact of COVID-19, the BOC under Commissioner Rey Leonardo B. Guerrero remains committed in supporting legitimate brand owners against the proliferation of smuggled and counterfeit goods as part of its mandate of Border Protection. (BOC)

    Bureau of Customs
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleASEAN: 54 years of strong regional cooperation, network of partners for biodiversity
    Next Article PCA calls for more investments on PH coconut

    Related Posts

    Filipino Homes to Host National Real Estate Convention 2024

    September 19, 2024

    Philippines: The Coffee Bean & Tea Leaf Opens New Cafe in SM Seaside City Cebu

    August 11, 2024

    Philippines: SM Cinema Cebu Unveils The Event Screen, A New Era in Entertainment and Events

    July 24, 2024
    Add A Comment

    Comments are closed.

    © 2026 BusinessNewsAsia.com
    • About Us
    • Contact Us
    • BusinessNews.ph
    • AsiaPEVC.com
    • PEVCJournal.com
    • Philippines Today

    Type above and press Enter to search. Press Esc to cancel.