LUXURY vehicles confiscated by the Bureau of Customs (BoC) will now be auctioned off to earn revenue for the national government, according to the Bureau of the Treasury (BTr).
The BTr said in a statement on Thursday that Finance Secretary Carlos Dominguez 3rd ordered the auction "in efforts to raise additional funds for the national government's continuing pandemic response."
It also said that an Inter-Agency Auction Committee composed of representatives from the BoC, the BTr, and the Land Bank of the Philippines was formed through a memorandum of agreement signed on December 1 this year to ensure transparency in the process and to promote competition through broad dissemination of auction information.
The Treasury said that the first Inter-Agency auction will be placed at the BTr on Dec.13, 2021, with five luxury automobiles being auctioned "as is, where is."
These include a 2008 Ferrari Scuderia 430, a 2001 Porsche Boxster, a 2001 Mercedes Benz SLK350, a 2001 Mercedes Benz SLK55 and a 2011 Mercedes Benz E220, all of which were seized in May and June this year and were issued final and executory orders of forfeiture by the Customs bureau, the Treasury announced.
The entire bidding process will be livestreamed for the first time through the three agencies' official Facebook sites, it added.
"BoC's partnership with reputable government agencies and the shift to an open process send a strong signal to the public that this administration is very serious in addressing collusion in the disposal of smuggled goods," the bureau underscored.
"Through the added network of the BTr and Landbank, the notice of auction and other key information on the vehicles will be made available to the wider public, thus enhancing the competitive nature of the process," it also pointed out.
Bidders can register with the BoC from December 2 to 9 this year, the BTr noted. Inspection dates are set on December 9-10 at the PUC Grounds, Gate 3, South Harbor, Port Area, Manila.