They suspended the license of Mighty's customs bonded warehouse.
But according to
Customs Commissioner John Phillip Sevilla said that the move
of the government agency is to prevent revenue leakages while further
investigation of the company’s alleged illegal activities.
“The initial report
of a DOF task force reveals that Mighty Corp. committed serious violations of
tariff and customs laws, rules and regulations, resulting in huge revenue
losses for the government,” Sevilla added.
Meanwhile, Mighty’s executive vice president Oscar P.
Barrientos said that the suspension order did not cover its operation for the
domestic market.
“Nothing has changed, and until such time that we receive
the final report of the task force, it will be business as usual,” he said. “We
will continue to cooperate with authorities pending the full and final results
of the inquiry being undertaken by Task Force Mighty Corp. We will address
these allegations at the appropriate time as soon as we receive the final
report on the findings. We have been transparent with the customs bureau, and
we will continue to be transparent,” Barrientos added.
Mighty was accused of engaging
in technical smuggling and downshifting consumption. They said that they barred
the company from re-channeling duty-free
cigarettes-for-export for domestic distribution and consumption. There are
allegations that MC imported acetate tow. The said raw material used for
filters, at $0.30 to $0.32 per kilo. They claimed most of their tobacco leaf
and acetate tow imports are intended for export.
Is there's a proof that the Mighty Corp did illegal transaction under the law? The rival company didn't publicly announced its merger in 2010.
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