Several months ago, there's an allegation against Filipino-owned manufacturer, Mighty Corp that they were accused of smuggling cigarettes.
They are importing tobacco leaves from the North and other countries in which the company lauded over paying its excise tax for 2013, amounting of P 8 billion. The government benefited over this tax that the company did their market share. With their CSR projects for the farmers in the northern part of the country gained their profits for their families.
According to the company’s lawyer Miguelito Ocampo said that one of the major manufacturer in the tobacco industry, PMFTC made some baseless figures ranging from P2.54 billion to P4.9 billion in estimated government losses allegedly due to a mismatch in imported tobacco leaf and cigarettes produced and withdrawn
With regards about under-declaration of its volume of production, how did the two governing agency suspected that Mighty Corp did something illegal? Did they have some proofs about it? They must have substantial evidences about this matter.
They are importing tobacco leaves from the North and other countries in which the company lauded over paying its excise tax for 2013, amounting of P 8 billion. The government benefited over this tax that the company did their market share. With their CSR projects for the farmers in the northern part of the country gained their profits for their families.
According to the company’s lawyer Miguelito Ocampo said that one of the major manufacturer in the tobacco industry, PMFTC made some baseless figures ranging from P2.54 billion to P4.9 billion in estimated government losses allegedly due to a mismatch in imported tobacco leaf and cigarettes produced and withdrawn
With regards about under-declaration of its volume of production, how did the two governing agency suspected that Mighty Corp did something illegal? Did they have some proofs about it? They must have substantial evidences about this matter.