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                    [ArticleID] => 293159
                    [Title] => BOC investigates Southern Cross Cement for possible smuggling, undervaluation of imports
                    [Summary] => Southern Cross Cement Corp. (SCCC), which recently won a major victory in the Supreme Court (SC) against the imposition of safeguard measures against imported cement, is being investigated anew by the Bureau of Customs (BOC) for possible smuggling,  misdeclaration and under-valuation of  its recent cement  exports this year.


The BOC’s is investigating alleged undervaluation of SCCC’s import entry declarations resulting in the possible avoidance of the payment of some P6 million in customs taxes and P18 million in value-added taxes (VAT) amounting to P24 million.


                    [DatePublished] => 2005-08-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
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PRESIDENTIAL ANTI-SMUGGLING TASKFORCE

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                    [ArticleID] => 293159
                    [Title] => BOC investigates Southern Cross Cement for possible smuggling, undervaluation of imports
                    [Summary] => Southern Cross Cement Corp. (SCCC), which recently won a major victory in the Supreme Court (SC) against the imposition of safeguard measures against imported cement, is being investigated anew by the Bureau of Customs (BOC) for possible smuggling,  misdeclaration and under-valuation of  its recent cement  exports this year.


The BOC’s is investigating alleged undervaluation of SCCC’s import entry declarations resulting in the possible avoidance of the payment of some P6 million in customs taxes and P18 million in value-added taxes (VAT) amounting to P24 million.


                    [DatePublished] => 2005-08-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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abtest

BOC investigates Southern Cross Cement for possible smuggling, undervaluation of imports

By Marianne V. Go | August 24, 2005 - 12:00am

Southern Cross Cement Corp. (SCCC), which recently won a major victory in the Supreme Court (SC) against the imposition of safeguard measures against imported cement, is being investigated anew by the Bureau of Customs...

Business