BOC to get tougher on misdeclared imports

THE Bureau of Customs (BOC) will implement early next year a modern system that will detect misdeclaration or undervaluation of imports that pass through various ports of entry across the country.

Customs Commissioner Nicanor Faeldon on Friday said the bureau is working on a Value Reference Information System (VRIS), an electronic platform that sets the value threshold or standard for every imported commodity based on historical value of previous importations and prevailing market values and statistical studies.