The Bureau of Customs (BOC) collected P118 billion in duties and taxes through its fuel marking program in the first half of the year.
THE Bureau of Customs collected P118 billion in duties and taxes through its fuel marking program in the first half of the year.
Since the program was implemented from September 2019 to June this year under the Duterte administration, 43.65 billion liters of fuel have been marked equivalent to P432.3 billion in duties and taxes. Broken down, among those seized were a total of 111,157.80 liters of diesel, 3,311 liters of kerosene, 18,839 liters of Gasoline and two units of tank trucks carrying unmarked fuel with a total estimated value of P14.4 million.
Fuel marking makes use of a unique chemical marker that can be embedded at a molecular level in petroleum products—gasoline, diesel, and kerosene—thereby enabling authorities to test, identify and distinguish petroleum products with paid excise taxes.
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