![](https://www.ficcicascade.in/wp-content/uploads/2018/08/81a786a5-79eb-440f-b3d1-41721ade9617.jpg)
Smuggling ‘Rife in Clark Freeport Zone
Some firms at the Clark Freeport Zone (CFZ) are being used in the smuggling of raw materials or finished products for export, with most of them usually ending up in the local market. Voluminous reports obtained by Manila Times showed that the Clark Development Corp’s (CDC) anti-smuggling task force has been apprehending some movers and confiscating items about to be smuggled out of the ecozone. The most recent apprehensions by the Task Force on Revenue and Tax Monitoring led to the confiscation last November 9 of an undetermined number of cut gloves and five rolls of anti-static fabric, 19 boxes of sticky mats and three boxes of cotton M-3 wiper. On June 17, the task force seized a truckload of computer servers and accessories after the driver presented only a gate pass from Rapat of Philexcel Business Park and not a permit to bring the items out of the zone. Arnel Maguillo, chief of the anti-smuggling task force, reported at least 50 cases of interceptions and confiscations of goods about to be smuggled out of the zone between December 2004 and June this year. The 50th entry of the group’s accomplishment report said: “Secured all evidences regarding shipment of luxury cars (brand-new 2-door Gallardo Lamborghini worth $167,850 or P7.4mn) coming from Dubai via Subic and arrived at Clark Customs Clearance Area last Dec 22, 2004. Submitted official report to the office of the president, task force chairman.”
Related Posts
Cess On Cigarettes Wipes Out Rs 48K Cr From Bse in 1 Day
The Goods and Services Tax Council’s decision to increase the cess on cigarettes...
Assam sees rise in economic offences
GUWAHATI: White collar crimes and economic offences are on the rise in the state....
China’s export tax removal will thwart tungsten smugglers
China’s move to scrap export taxes on certain noble alloys will remove the...
How the government’s gold policies make India’s neighbours richer and this country itself poorer
In 2013, the UPA government imposed a 10 percent import duty on gold. P...