Latest Breaking News On - Fuel marking program - Page 4 : comparemela.com
Gasoline, kerosene prices down today
visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.
(MARK BALMORES / FILE PHOTO)
This, as the Bureau of Customs (BOC) and Bureau of Internal Revenue (BIR) announced Thursday, April 8, their intention to begin field testing on gasoline, diesel, and kerosene in warehouses, storage tanks, gas stations, and other retail outlets beginning April 26.
Vessels, tank trucks, and similar fuel transporting vehicles will also be covered by the enforcement activities. The inspection aims to check whether or not the petroleum products contain the required fuel marker level.
Those found without the official fuel marker or not containing the required level will be subject to the payment of duties and taxes, as well as appropriate fines and penalties as prescribed under the Tax Reform for Acceleration and Inclusion (TRAIN) Act.
(MANILA BULLETIN FILE PHOTO)
The long-term priority programs includes the full automation of frontline transactions, improvement of risk management system, implementation of customs modernization program, ISO certification of customs offices and PGS compliance, enhancement of trade facilitation, rationalization of penalty regime, filling-up of vacant plantilla positions, enhancement of management and technical skills, enhancement of stakeholder engagement and intensification of border protection.
This set of programs is in line with the agency’s mission to strengthen the country’s border protection, enhance trade facilitation and improve revenue collection.
Under the full automation of frontline transactions, the Customs bureau has implemented the upgrade and stabilization project for the E2M system, online payment through PayMaya and online submission of documents through the Customer Care Portal System.
Published January 16, 2021, 2:40 PM
More than 17 billion liters of fuel were marked in 2020 under the Fuel Marking Program, a drive to curb fuel smuggling in the country, the Bureau of Customs said.
A total of 17.55 billion liters of petroleum products from various fuel companies in the country were marked from Sept. 4, 2019 to Dec. 31, 2020.
According to the bureau, this is equivalent to P147.78 billion and P23.94 billion of duties and taxes collected by the Customs bureau and the Bureau of Internal Revenue (BIR).
“For 2020 alone, 15.69 billion liters of fuel were marked equivalent to P109.36 billion and P21.81 billion duties and taxes collected by BoC and BIR,” the bureau said.
vimarsana © 2020. All Rights Reserved.