Home / Knowledge / News / Textiles / Bureau of Customs monitors Customs Bonded Warehouses
Bureau of Customs monitors Customs Bonded Warehouses
Nov '10
Bureau of Customs recently announced that, it has deployed five teams to keep an eye on the Customs Bonded Warehouses (CBWs), alleged for smuggling.

Customs Commissioner Angelito Alvarez, while speaking to the press said that, the Bureau is likely to intensify its observations on all the privately held CBWs. The country already has 200 CBWs at present and therefore intends to restrict proliferation of new CBWs.

The five teams deployed to keep an eye on the CBWs would function under the Run After The Smugglers (RATS) program implemented by the Bureau.

The announcement followed the BOC's move of filing complaints, against CBW operators Rajmin Garments Manufacturing Corp. and Skyland Manufacturing Corp., before the Department of Justice for smuggling. Both the operators operate from a single office in Makati City's Cityland Pasong Tamo Tower.

The BOC alleged that, both the operators were involved in importation of cotton and polyester yarn and erroneously used their bonded warehouse license to deceive the government for over P80 million by way of duty and tax evasion during the period between January and mid-November this year.

The official said that, it is very much necessary to restrain such bonded warehouse smugglers, because their way of operating is responsible for the revenue loss.

Diversion of imported inputs in the domestic markets, illegal withdrawal of the goods kept in bonded warehouses, and fake exportation of finished goods, together constitute the way of functioning of the bonded warehouse smugglers, just the way it happened in case of Skyland and Rajmin.

The government does not levy any duty on imported goods if they are re-exported, as stated in the Customs Warehousing Rule.

Fibre2fashion News Desk-India

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search