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(File photo) MANILA - The Bureau of Customs (BOC) has generated more than PHP500 million from the public auction of more than 2,400 overstaying containers last year. Citing latest data released on Thursday, the BOC said its Assessment and Operations Coordinating Group, together with the Auction and Cargo Disposal (ACD) Division and the ACD units of all collection districts nationwide, was able to dispose of 2,407 containers through condemnation and auction in 2021. The BOC said the public auctions generated PHP555,443,841.75 in earnings from 1,257 containers carrying assorted items, such as rice and galvanized steel. The remaining 1,150 containers of used clothing, rotten food items, used oil, used furniture, and other valueless used articles were condemned or destroyed accordingly. It added that the containers were forfeited after seizure or abandonment proceedings under Sections 1139 and 1141 of the Customs Modernization and Tariff Act, which provides for the conditions and modes of

Operations coordinating groupBureau of customsCargo disposalCustoms modernizationTariff actCustoms administrative orderIle photo manila the bureau of customs boc has generated more than php500 million from public auction 2400 overstaying containers last year citing latest data released on thursdayHe boc said its assessment and operations coordinating groupOgether with the auction and cargo disposal acd division units of all collection districts nationwideAs able to dispose of 2407 containers through condemnation and auction in 2021 the boc said public auctions generated php555841 75 in earnings from 1257 containers carrying assorted itemsUch as rice and galvanized steel the remaining 1150 containers of used clothing