Finance Sec. OKs donation of seized gasoline to PCG

Finance Secretary Ralph Recto has approved the donation of 1,251.68 liters of seized gasoline to the Philippine Coast Guard (PCG) to bolster maritime safety and security operations.

The gasoline was forfeited by the Bureau of Customs (BOC) for violating fuel marking regulations, a key component of the Tax Reform for Acceleration and Inclusion (TRAIN) Act aimed at preventing petroleum smuggling.

The donation is authorized under Section 1141 of the Customs Modernization and Tariff Act (CMTA), which allows the Secretary of Finance to approve the transfer of forfeited goods to other government agencies.

This initiative aligns with President Ferdinand R. Marcos Jr.'s directive to intensify the fight against smuggling and enhance national security.

Secretary Recto stated that the donation signifies a commitment to strengthening the defense sector and serves as a warning against illicit business practices.