Close  

P142M in cigarettes destroyed

/ 05:15 AM November 27, 2017

DAVAO CITY — Authorities on Sunday destroyed over P142 million worth of cigarettes manufactured by Mighty Corp., which were recently seized for having fake Bureau of Internal Revenue (BIR) stamps.

The cigarettes, consisting of nearly five million packs and inside 9,496 boxes, were loaded onto 20 trucks and brought to a cement plant for destruction.

ADVERTISEMENT

Finance Secretary Carlos Dominguez III was supposed to lead the burning of the cigarettes, weighing a total of 135 metric tons, but had to back off because he was suffering from cough, according to his aides.

He was instead represented by Assistant Secretary Kelvin Lee of the Office of the Executive Secretary.

FEATURED STORIES

The Department of Finance said the cigarettes with fake BIR stamps were seized from the warehouse of Sunshine Cornmill Co. in General Santos City on March 6.

These included Mighty Corp. brands like Mighty Menthol 100s, Marvels Menthol, Marvels FK and King Full Flavor. The assessed tax liability for the cigarettes was P1.3 billion, which had already been settled by Mighty under its P25-billion deal with the government.

Aside from the General Santos raid, authorities also recently confiscated millions of pesos of Mighty cigarettes from Pampanga, Pangasinan and Bulacan also for having fake tax stamps.

Mighty Corp. had since folded up and was bought by Japan Tobacco Inc. —FRINSTON LIM

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: BIR, Carlos Dominguez III, Department of Finance, fake cigarette tax stamps, Kelvin Lee, Mighty Corp.
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.