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Customs auditing high-end car importers

Affected firms asked to submit books of accounts


Customs Commissioner Rozzano Rufino B. Biazon: They have to comply. RYAN LEAGOGO/INQUIRER.net

All importers of “branded, high-end cars”—not only PGA Cars Inc.—are undergoing an audit of the declared value of their imported units, according to the Bureau of Customs (BOC).

PGA Cars, which imports Porsche and Audi cars, has submitted its books of accounts to the agency, Customs Commissioner Rozzano Rufino B. Biazon told reporters on the sidelines of the National Competitiveness Council’s Ease of Doing Business Summit. All other importers of branded high-end vehicles (Jaguar, Land Rover, etc.) were also being audited, he said.

“They have to comply, otherwise we can suspend their import license,” he said.

Biazon explained that the books of accounts were needed for the audit because documents presented at the port of entry only showed such data as the declared value of the units.

“Remember, we signed the WTO (World Trade Organization) agreement on adopting the transaction value method. The price agreed upon by the buyer and the seller, that is the transaction value. But the books of accounts will show more data, for example, what costs they reported to the Bureau of Internal Revenue,” he said.

“The audit is ongoing and results will soon be released,” Biazon said. “We’re just waiting for the report from the post entry audit group of the BOC.”

If the BOC finds that importers had underpayments or undervaluation (discrepancies between the declared value of the cars and quoted prices) they would simply be asked to pay the difference. If the audit would show misdeclaration of imports, they would be charged penalties, Biazon said.

Last March, the BOC said it had notified PGA Cars of the audit in February. Each audit period may cover the past three years of a company’s operations.

Biazon said this was not the first time car companies have been subjected to a post-entry audit. Vehicle importers from the so-called gray market as well as companies that import as well as assemble locally were also monitored, he said.

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Tags: Audit , Bureau of Customs , car importers , imports , Philippines , vehicles

  • Mark

    Scan all shipments with 3 workers from: 1 Customs, 1 Roman Catholic and 1 the leftist group. Sigurado bihira na lang smuggling at billion ang kikitain ng BOC per month.

    Para sa patuloy na pag assenso, paki boto po sila.

    Ramon Magsaysay, Jr.
    (Nagsiwalat ng mga Fertilizer scam at iba pang scam sa panahon ni GMA)

    Risa Hontiveros-Baraquel
    (Hindi Trapo, Totoo ang hangarin tumulong sa mahihirap)

    Bam Aquino
    (Hindi Trapo, boses ng mga kabataan at edukasyon)

    Richard Gordon
    (Hindi Trapo, kilala sa pagtulong sa mahihirap)

    Edward Hagedorn
    (Magaling na mayor ng Puerto Princesa, kailangan natin ang gaya nya sa Senado)

    Jamby Madrigal
    (Lumaban sa C5 scam ni Villar)

    Aquilino Pimentel III
    (May prinsipiyo, umalis sa UNA para hindi makasama ung mandaraya sa eleksyon)

    Grace Poe
    (Hindi Trapo, Maganda magtrabaho noong nasa MTRCB pa sya)

    Alan Cayetano
    (Numero-unong kaaway ni GMA at FG Mike)

    Antonio Trillanes IV
    (Numero-unong kaaway ni matandang Enrile, GMA at FG Mike)

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