Koko to BOC: Auction off luxury vehicles to serious collectors | Inquirer News

Koko to BOC: Auction off luxury vehicles to serious collectors

/ 03:11 PM February 08, 2018

Koko Pimentel

Senate President Koko Pimentel INQUIRER FILE PHOTO / GRIG C. MONTEGRANDE

Senate President Aquilino “Koko” Pimentel III proposed on Thursday that smuggled luxury cars be sold at public auction open to serious car collectors instead of merely destroying the expensive vehicles.

Pimentel, in a statement, said the Bureau of Customs (BOC) should consider other courses of action other than wrecking luxury cars. One of which could be selling the imported cars in an auction with its proceeds benefitting calamity victims.

Article continues after this advertisement

Last Tuesday, the BOC, with President Rodrigo Duterte as witness, led the destruction of smuggled luxury cars, with road rollers crushing 20 high-end vehicles worth at least P61.6 million. These included brands and models like Lexus, BMW, Mercedes Benz, Audi, Jaguar, and Corvette Stingray.

FEATURED STORIES

READ: Duterte leads wrecking of P61M smuggled luxury cars

The Senate president pointed out that luxury cars were not comparable to cigarettes and drugs, which have no good intrinsic value to humans, and therefore can be destroyed when confiscated.

Article continues after this advertisement

“(C)ars and other manufactured items have economic value, and luxury cars particularly have great value to serious car collectors. In the manufacture of these luxury cars, a lot of energy has been expended, which I am sure has contributed to over-all global warming,” he said.

Article continues after this advertisement

“Let us not waste the energy, resources, and intellectual effort consumed in the making of these luxury cars,” Pimentel said.

Article continues after this advertisement

“Hence my proposal is to sell them at public auction but open only to serious car collectors based abroad. The proceeds can be used to help calamity victims.”

Pimentel stressed that the auction should be open to legitimate car collectors.

Article continues after this advertisement

“We don’t want them to be auctioned, only for those who smuggled them in, to benefit. But if we sell them to buyers abroad, then we would have achieved the same objective and earned money for the government for use in worthwhile causes like helping victims of natural calamities,” he said. /jpv

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: BOC, import, Koko, luxury cars, Senate, Smuggling

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.