Biggest Importers of Hot Rolled Coils

The Bureau of Customs (BOC) on Thursday filed before the Department of Justice (DOJ) smuggling charges against one of the country’s biggest importers of hot rolled coils amounting to P293 million.

Hot rolled coils are used to form purlins and other steel-based construction materials.

This is the first big-time smuggler bagged under the “Pera ng Bayan” project of the Department of Finance (DOF).

“Pera ng Bayan” is an initiative of DOF Secretary Cesar Purisima in line with the Aquino Administration’s efforts to make good on its credo “Kung Walang Corrupt, Walang Mahirap” (No Corruption, No Poverty).

The “Pera ng Bayan” website provides a feedback mechanism from the public to the DOF and its attached agencies using relevant social network tools.

Charged for misdeclaration, undervaluation and falsification of documents was Peter Rafael C. Limson, chairman of Rapid Forming Corporation (Rapid Forming), with office address at 2/F Vasquez Madrigal Plaza, 51 Annapolis St., San Juan City.

Also charged were Jackson W. Sychingco, purchasing manager of Rapid Forming; and Generosa L. Caluag, customs broker with office address at 2/F AVR Bldg., Beaterio St., Intramuros, Manila.

Likewise charged were several John Does and Jane Does who participated directly or indirectly in the release of subject shipments.

Records show that between January and July this year, Rapid Forming imported a total of 14 million kilos of hot rolled coils through the Port of Manila (POM) and the Manila International Container Port (MICP).

Leave a Reply