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                    [ArticleID] => 344257
                    [Title] => Philip Morris seeks changes in Tariff and Customs Code
                    [Summary] => Cigarette manufacturer Philip Morris Philippines Manufacturing Inc. (PMPMI) is urging Congress to amend the Tariff and Customs Code and step up efforts to curb the illicit trade of cigarettes in the country. 


Chris Nelson, PMPMI managing director, said the government is losing billions of pesos in revenues because locally-manufactured cigarettes like Philip Morris and Marlboro that are intended for local consumption are being smuggled out of the country to various destinations worldwide, depriving the deficit-ridden government of significant revenue from excise taxes.


                    [DatePublished] => 2006-06-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
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CARMEN LAYSA-HERCE

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                    [ArticleID] => 344257
                    [Title] => Philip Morris seeks changes in Tariff and Customs Code
                    [Summary] => Cigarette manufacturer Philip Morris Philippines Manufacturing Inc. (PMPMI) is urging Congress to amend the Tariff and Customs Code and step up efforts to curb the illicit trade of cigarettes in the country. 


Chris Nelson, PMPMI managing director, said the government is losing billions of pesos in revenues because locally-manufactured cigarettes like Philip Morris and Marlboro that are intended for local consumption are being smuggled out of the country to various destinations worldwide, depriving the deficit-ridden government of significant revenue from excise taxes.


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abtest

Philip Morris seeks changes in Tariff and Customs Code

By Rocel Felix | June 28, 2006 - 12:00am

Cigarette manufacturer Philip Morris Philippines Manufacturing Inc. (PMPMI) is urging Congress to amend the Tariff and Customs Code and step up efforts to curb the illicit trade of cigarettes in the country. Chris...

Business