Bureau of Customs seizes P11 billion fake luxury items
MANILA, Philippines — The Bureau of Customs seized P11 billion worth of fake luxury goods in Binondo, Manila on June 14, the BOC reported yesterday.
The counterfeit items included brands such as Gucci, Chanel, Louis Vuitton, Nike, Rolex, Apple, Hermes, Guess and Dior.
“Counterfeit goods undermine legitimate businesses, leading to financial losses and weakening consumer trust,” BOC Commissioner Bienvenido Rubio said.
BOC data showed that counterfeit goods worth P18.89 billion topped the list of seized items during the first half of the year.
The BOC said it is facing two major challenges in dealing with counterfeit goods: the expeditious facilitation of trade through brand certification and verification by brand owners, and the emergence of e-commerce as a contributor to counterfeiting.
According to the BOC, the owners of the seized goods failed to present proof of payment of correct duties and taxes and evidence of legitimate importation.
The counterfeit goods will be destroyed through shredding and rendering at facilities accredited by the BOC.
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