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The Bureau of Customs (BOC) said it had seized close to P1.9 billion worth of smuggled cigarettes from January to July, surpassing the amount it recorded for the entire 2022 on the back of a huge raid earlier this year.
THE internal revenue bureau sees an increase in its collection of tobacco-related taxes as the number of registered firms engaged in the sale of cigarette, vape and other tobacco products more than doubled this year.
Many consumers, for their naive knowledge of products, fall victims to the unfair business practices of unscrupulous traders and manufacturers that sell unsafe products that threaten the welfare of the general public. With their power of choice driven by the influence of advertising, many consumers do not only get less value for the money they spend on sub-standard products, but are exposed to health and safety risks as well.
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