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Government raises ₧20.83M after selling seized luxury cars; no bidders still for other 2

THE government raised P20.83 million from its sale last Wednesday of two seized luxury cars. The two sold cars 2008 Ferrari Scuderia 430 and 2006 Lamborghini were the most expensive among the four luxury vehicles that were up for auction. After several failed biddings, the used 2008 Ferrari Scuderia 430 was… ....

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Customs gains P6.3 million from auctioned luxury vehicles

Customs gains P6.3 million from auctioned luxury vehicles
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BOC generates P6.3-M from auction of luxury vehicles

(Photo courtesy of BOC) MANILA- The Bureau of Customs (BOC) has generated additional income amounting to PHP6.3 million after auctioning six units of forfeited luxury vehicles. In a statement, the BOC said the Assessment and Operations Coordinating Group and the Auction and Cargo Disposal Division have auctioned off one brand new car and 5 used vehicles at the Bureau of Treasury (BTr) Auction Room, Ayuntamiento Building in Intramuros, Manila on April 27, 2022. The forfeited luxury vehicles consisted of one unit each of used Porsche Boxster 2001, used Mercedes Benz SLK350 2001, used Ferrari Scuderia 430 2008, used Mercedes Benz SLK55 2001, used Mercedes Benz E220 2011, and a brand-new Mercedes Benz G500. These vehicles were consigned to JLDFM Consumer Good Trading and Frebel Enterprise, and were seized at the Manila International Container Port and the Port of Manila, respectively. The used Mercedes SLK350 2001 and SLK55 2001 were both sold to RMCE Metal Products while the Mercedes Benz ....

Manila International , Philippines General , Porsche Boxster , Mercedes Benz , Ferrari Scuderia , Operations Coordinating Group , Mopen Trading Corporation , Agency Auction Committee , Cargo Disposal Division , Land Bank , Bureau Of Customs , Bureau Of Treasury Btr Auction Room , Manila International Container Port , Auction Room , Ayuntamiento Building , Good Trading , Frebel Enterprise , Mopen Trading , Customs Modernization , Tariff Act , Inter Agency Auction , Hoto Courtesy Of Boc Manila The Bureau Customs Has Generated Additional Income Amounting To Php6 3 Million After Auctioning Six Units Forfeited Luxury Vehicles Ina Statement , He Boc Said The Assessment And Operations Coordinating Group Auction Cargo Disposal Division Have Auctioned Off One Brand New Car 5 Used Vehicles At Bureau Of Treasury Btr Room , Yuntamiento Building In Intramuros , Anila On April 27 , 022 The Forfeited Luxury Vehicles Consisted Of One Unit Each Used Porsche Boxster 2001 ,

Govt finally sells seized luxury cars for ₧6.305M | Bernadette D. Nicolas

THE government finally raised P6.305 million from its auction of seized luxury cars on Tuesday, marking the first time it awarded bids since it resumed disposing this type of vehicle through public auction back in December. After two consecutive failed biddings for luxury cars, the Inter-Agency Auction Committee sold last… ....

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