Wednesday 13 December
Powered by Ajaxy
Nov 27, 2017 @ 17:46

P142M worth of Mighty illicit cigarettes shredded


Oh, how the Mighty has fallen.

Officials from the Bureau of Internal Revenue (BIR) led the ceremonial crushing of 5 million packs of illicit cigarettes seized by authorities back in March, which represent the first stash from Mighty Corporation.

The cigarettes worth P142.44 million were recovered from Mighty’s warehouse in General Santos City, and were later on brought to Davao — the President’s lair — to be destroyed.

The BIR tapped Holcim Philippines Geocycle for a special method to junk these cigarettes once and for all, which makes sure to minimize the toxic gas emission and pollutants from pulverizing the items.

Mighty has since paid P25 billion as tax settlement after it was discovered using fake cigarette stamps to get away with paying taxes for their products.

Tags: , , , , , , , ,

Related Stories
President Rodrigo Duterte isn't done going after oligarchs after making Lucio Tan and the Rufino-Prieto
The government wants to rollout its new anti-smuggling protocol during the second half of next
More people with jobs will mean improved economic output for the country.
The local dealer of South Korean automotive giant Hyundai has yet to respond to government


Trending News

Recommended on sister sites

Copyright © 2017 Bilyonaryo -