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Tuesday, May 20, 2008

 

Customs may tap SGS
again to curb smuggling

 
THE Bureau of Customs may again tap the services of Societe Generale de Surveillance (SGS) after the two settled a lengthy court case on unpaid services the Philippines owed the Switzerland-based firm.

Customs Commissioner Napoleon L. Morales said the agency will outsource its ocular and credit line inspections to private companies. He said the bureau is eyeing either SGS or Dun and Bradstreet (D&B).

“The accreditation process, in due time we will have this outsourced. So Customs now will no longer be the one to make the ocular inspection of businesses. We’ll be hiring services of a private company like SGS or D&B,” Morales told reporters.

He said bidding for the service is no longer necessary, adding Customs “won’t pay anything for the service [as] private companies will shoulder the expenses.”

D&B’s is a global commercial database, which contains more than 125 million business records.

“Once we implement this, Customs will no longer accept cash or checks. This will be now in the bank-to-bank transfer, which is also in line with AMLC,” Morales said, referring to the Anti-Money Laundering Council’s standards against dirty money.

SGS earlier struck an agreement with the Philippine government on the settlement of receivables associated with pre-shipment inspections contracts discontinued in 2002.

SGS said the government will pay 150 million Swiss francs—equivalent to P6.2 billion—in two equal installments this year until 2009.

The settlement will be recognized in SGS’ consolidated accounts as an exceptional item, the Swiss firm said.

SGS also said the agreement is registered as an award of the International Center for the Settlement of Investment Disputes.

The company sued the government for nonpayment of over P6 billion in pre-shipment inspection services it rendered.
-- Chino S. Leyco

  
 

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