Mighty Corporation’s Import Permit Accreditation Suspended By BOC
The Bureau of Customs (BOC) suspend the import permit accreditation of Mighty Corporation effective on Tuesday (March 14, 2017).
The import accreditation permit of the cigarette company has been suspended. Mighty Corp. could no longer import their raw materials in the company, according to Atty. Alvin Ebreo, head of the legal division of BOC.
Ebreo explained the probable cause of the suspension was the alleged violation of the giant tobacco company against the taxes and customs law. Including the warrant seizure and detention issued by the Customs in Zamboanga.
Previously, Might Corp. have been allegedly using fake tax stamp on the cigarette products to reduce the taxes they were paying to the Philippine government. Over 400 cigarette boxes with fake tax stamps allegedly owned by Mighty was seized by BOC in Visayas last week.
President Rodrigo Duterte released a statement that the cigarette company has to double the payment of their tax deficiencies as a compromise to settle the case. Mighty has currently P1.5 billion tax deficiency, but it was doubled to P3 billion as a compromise for their tax deficiency.
Although Might Corp. will double the amount they were still not free from criminal liabilities for their irresponsible actions towards the local government regarding the payment of tax.
Presidential chief legal counsel Salvador Panelo said that the cigarette company has still to face the consequence of their law violations. Doubling the amount of their tax deficiency will not exempt them from charges.
Atty. Sabio has also the same complain about the source of their investigation was still based on the findings of the Senate.
The cigarette company is now prohibited to import their cargo even though the shipments and materials were already going towards the country. However, Mighty Corporation can still file a motion for reconsideration.
