GOVERNMENT agents on Wednesday raided a factory that prints fake tax stamps and labels used for fake tobacco products, the Department of Finance said.
According to Finance Secretary Carlos G. Dominguez III, a joint team of the National Bureau of Investigation (NBI) and the Bureau of Internal Revenue (BIR) raided the factory on July 3.
“The raid in Malabon printing facility is positive,” he said. “Not only does the site produce fake labels, it also prints fake stamps.”
Documents from the DOF showed the printing machine can produce 3,500 pieces of tax stamps per hour.
“At P35 per stamp, that’s P122,500 in lost revenue per hour,” Dominguez said. “If the machine operates eight hours a day, five days a week, 50 weeks a year, it can produce P245 million per year of fake tax stamps.”
The unlawful possession of articles subject to excise tax without payment of the tax, and for possessing false, counterfeit, restored or altered stamps, is a violation of the National Internal Revenue Code.
At least 43 master cases of Winston brand; 91 master cases of Mighty cigarettes; 82 master cases of Marvels brand; 11 master cases of Chunghwa cigarettes; 71 master cases of Two Moon brand; 37 master cases of Fortune brand; and eight master cases of Marlboro brand were seized from two Malabon warehouses with initial estimates showing that the cigarettes were worth P8 million.
Last December 2018, the DOF reiterated its order to the BIR and Bureau of Customs (BOC) in line with stopping the illicit entry of cigarette-making machines in the country, to deter the making of counterfeit tobacco products.
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