CEBU

Port of Cebu generates P700K from auction sale

THE Port of Cebu generated P733,000.00 out of the sale of various forfeited articles through public auction on Monday, Sept. 21.

The auction sale was presided by Auction and Cargo Disposal Unit Chief Engr. Ronald Morillo and assisted by representatives from the District Collector’s Office, Law Division, Operations Division, Customs Intelligence and Investigation Service (CIIS), and Enforcement and Security Service (ESS). Representatives from the Bureau of Animal Industry also witnessed the said sale.

This is the third public auction sale that was conducted by the Port of Cebu for the year. A total of 34 overstaying cargoes were already disposed of, generating additional revenue amounting to P5,069,800.00.

The public auction sale is consistent with the directive of BOC Commissioner Rey Leonardo B. Guerrero to speedily dispose forfeited goods in order to maximize the generation of additional revenues for the government.

The public auction was held at the Multipurpose Hall, Port of Cebu Customhouse. (PR)


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