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Post-clearance Audit of Rice Importations

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Post-clearance Audit of Rice Importations
« on: October 26, 2020, 10:43:52 AM »
Reposted News:
Senators Christopher Lawrence “Bong” Go
BoC intensifies audit of rice imports

THE Bureau of Customs (BoC) has intensified its post-clearance audit of rice importations to protect government revenue and local farmers following discovery that some importers continue to violate customs laws and regulations to avoid payment of correct duties and taxes.

In a report to Customs Commissioner Rey Leonardo Guerrero, the bureau’s Post Clearance Audit Group (PCAG) has disclosed that during its 2019 audit, 84.45 percent of the audited importers were found to have violated existing laws even as the government has removed restrictions on rice importation.

The PCAG said importers were found to have shortchanged the government by at least P1.417 billion in customs duties, penalties, surcharges and interest due to undervaluation, misclassification, and/or understatement of freight and insurance charges.

It has also established that undervaluation of the declared customs value remains to be the primary risk in revenue collection from rice imports, accounting for P497 million or 36.08 percent of the total deficiency assessment.

This prompted Guerrero to order the agency to intensify the campaign against all forms of smuggling of imported agricultural products, most especially rice.

The Customs chief assured the public that BoC remains committed in carrying out its mandate of protecting government revenue by suppressing all forms of smuggling of agricultural goods through intensified border control and post clearance audit efforts.

“These efforts are also  intended to protect the interests of our local federation of  farmers and other producers of agricultural products directly affected by the Rice Tariffication Law,” Guerrero added.

Meanwhile, Senators Christopher Lawrence “Bong” Go and Emmanuel “Manny” Pacquiao have issued separate responses on this issue.

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