BOC, DOE, BIR Strengthen Anti-Fuel Smuggling Program
The Bureau of Customs (BOC), on May 27, 2021, signed the Memorandum of Agreement on Information Exchange and Reconciliation with the Department of Energy (DOE) and the Bureau of Internal Revenue (BIR) to further strengthen the government’s program against fuel smuggling.
The memorandum aims to formalize the continued partnership between DOE, BIR, and BOC to fight illegal oil smuggling and to assess proper taxes.
Under the memorandum, an Information Exchange and Reconciliation Committee shall be created to monitor and report any discrepancies or variance on the information on volumes of imported and exported crude oil, finished petroleum products and bioethanol.
“Through this Memorandum of Agreement, the BOC looks forward to building a better, more transparent partnership with the DOE and the BIR, moving towards the common vision of curbing oil smuggling and ensuring proper assessment of taxes through regular information exchange,” Customs Commissioner Rey Leonardo B. Guerrero said.