PH BoC preparing to auction a multi-million peso passenger aircraft to recover unpaid obligations

By Benjie Lim Vergara BUREAU of Customs authorities on Monday finally seized a passenger aircraft which was grounded last year for non-payment of import duties and taxes at the time of importation. BoC Commissioner Isidro Lapeña said the previous importer of the aircraft, a British-made BAE 146-100 with registry number RP-C8538, failed to settle its […]