Guidelines for Disposition of Property in Customs Custody

September 27, 1989 MEMORANDUM ORDER NO. 258 PROVIDING GUIDELINES FOR THE DISPOSITION OF PROPERTY IN CUSTOMS CUSTODY To derive optimum revenue for the government, and to protect local industries from undue competition posed by smuggled goods, the following guidelines in the disposition of imported merchandise forfeited in favor of the government for violation of our laws as well as other property under Customs custody subject to sale as provided for under Section 2601 of the Tariff and Customs Code of the Philippines, as amended, are hereby prescribed: cHATSI 1. Sections 2602 to 2612 of the Tariff and Customs Code as amended shall continue to govern the disposition of property under Customs custody. 2. To provide protection to our local industries, the auction sale of locally manufactured goods shall be undertaken in the presence of the duly authorized representatives of the Department of Finance, Department of Trade and Industry, and the concerned industry associations or organizations who shall act as observers, so that the disposition of these goods shall be in an orderly manner and prevent market disruption. 3. The auction sale of completely built-up motor vehicles shall be handled thru the Asset Privatization Trust after this Office shall have prepared the vehicles in such a way that optimum revenue may be derived therefrom, in accordance with the Memorandum of Agreement dated April 3, 1989 between the Asset Privatization Trust and the Bureau of Customs. This Memorandum Order shall take effect October 1, 1989. Manila, 27 September 1989