Ves­sel seized at CDO port

Business World - - THE NATION -

THE BU­REAU of Cus­toms (BoC) seized a ves­sel at the Port of Ca­gayan de Oro City (CDO) last Sept. 8 over the use of fake per­mits, po­ten­tially evad­ing P35 mil­lion in du­ties and taxes. In a state­ment, the BoC said Villa Ship­ping Lines, Inc. used M/V Jake Vin­cent Seis to il­le­gally avail of the ex­emp­tions on du­ties and taxes un­der the BIMP-EAGA sub­re­gional group­ing. — Eli­jah Joseph C. Tubayan >> See full story on

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