BOC, DA disagree on price of imported pork; difference is a whopping P26-B mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
(BOC)
Through shredding and rendering, a container of hog casings amounting to P1.5 million was disposed of at a waste disposal facility in San Pascual, Batangas. The condemnation of the seized goods took place on February 2.
It was witnessed by Port of Manila (POM) Auction and Cargo Disposal Division Chief Enrico Turingan III, as well as representatives from the Bureau of Animal Industry, Philippine Coast Guard, and Commission on Audit.
According to POM District Collector Michael Angelo DC. Vargas, the disposal of the seized goods is in accordance with the provisions of Section 1145 (Disposition of Goods Injurious to Public Health) of Republic Act (RA) No. 10863 or the Customs Modernization and Tariff Act.
A parcel containing P839,800 worth of party drugs was recently intercepted when two individuals attempted to claim it in Davao City, the Bureau of Customs (BoC) said.
Published February 5, 2021, 4:00 PM
The Department of Agriculture (DA) will not withdraw its proposal for tariff reduction on pork and rice imports despite the growing number of groups – including farmers, raisers, advocates – opposing such a move.
When asked if he will consider the possibility of withdrawing DA’s proposal, Agriculture Secretary William Dar simply said “no”. He did not expound his answer.
He even said on Friday that he is hopeful that the Tariff Commission (TC) will soon approve it.
Department of Agriculture Secretary William Dar
(Department of Agriculture Philippines / FACEBOOK / FILE PHOTO / MANILA BULLETIN)
DA’s proposal to lower the tariff rates for in-quota and out-quota imports of rice and pork for a period of one year is now pending approval at TC.
February 4, 2021 | 12:31 am Advertisement
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The Bureau of Internal Revenue (BIR) is streamlining the requirements and procedures for claiming value-added tax (VAT) refunds. BW FILE PHOTO
THE Bureau of Internal Revenue (BIR) is aiming to increase excise tax revenues by 13% this year, as it expects economic activity to pick up as pandemic-related restrictions are further eased.
The BIR set a P332.102-billion excise tax collection target for 2021, 12.6% higher than the P294.91 billion collected last year. Excise tax collections from large taxpayers slumped by 7% in 2020, due to the strict lockdown measures and economic slowdown.
The BIR attributed the higher target to the Development Budget Coordination Committee (DBCC) projection that the Philippine economy will return to a growth trajectory this year.