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Fake goods worth P1.5B confiscated in Pasay City

admin February 21, 2023

Operatives inspect the fake goods confiscated in Pasay City.

AT least P1.5B worth of various counterfeit goods was confiscated by the Bureau of Customs (BOC) on Tuesday in Pasay City.

In a statement, the Bureau said the team led by the Customs Intelligence and Investigation Service-Intellectual Property Rights Division (CIIS-IPRD), armed with Letters of Authority (LOA) issued by Commissioner Bienvenido Rubio, inspected the storage facility inside Building 127 along F. B. Harrison Street corner J. Fernando Street on Feb. 17.

The items found include counterfeit goods bearing brands such as Gucci, Louis Vuitton, Nike, Adidas, Supreme, Tory Burch, Skechers, and Birkenstock, among others. Inventory is currently being conducted.

The raiding team, which also includes members of the Criminal Investigation and Detection Group (CIDG), required proof of payment for the taxes and duties paid on all imported goods and proof of authenticity for the branded goods.

Per initial report, there are approximately 70 units in the building that are leased and used as storage spaces.

Rubio noted the importance of coordinating with different government agencies, as well as the hard work of Customs officials in bringing success to every operation.

“Our people target, detect, intercept, and thereby prevent the entry of these contraband items before they can do any harm to our markets. These counterfeit items not only jeopardizes these brand names, but also seriously undermine our own local brands. It is therefore our mandate in the BOC to stop these deals and ensure a fair trade for foreign and local brands,” he said.

Further investigation is also underway for other possible violations of the Intellectual Property Code of the Philippines and the Customs Modernization and Tariff Act.

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Source: USD/PHP @ Fri, 8 May.

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