Customs seizes P200M fake products
THE Bureau of Customs (BOC) seized some P200 million worth of counterfeit apparel and other products in simultaneous raids on two buildings located along Cuneta Avenue in Pasay City.
Customs Commissioner Nicanor E. Faeldon said on Friday that the operations were part of BOCĂ˘€™s stringent counter-measures against all forms of smuggling of fake products into the country in grave violation of Republic Act (R.A.) No. 8293 or the Intellectual Property (IP) Code of the Philippines and RA 10863, otherwise known as the Customs Modernization and Tariff Act of 2016.
"Our relentless campaigns against smuggling of products with fake brand names keep the Philippines out of the list of notorious countries with inadequate protection and enforcement of Intellectual Property Rights (IPR)," Faeldon said.