The Bureau of Customs (BOC) successfully concluded the negotiated sale of abandoned and forfeited goods, generating expected revenues of almost PHP33.5 million for the national government.
The public auction conducted on July 30, 2026 concluded with seven of the 13 sale lots with accepted offers.
The successful sale lots consisted of various seized and forfeited goods, including one 2018 Lexus LX570 (₱2,000,000); one 2012 Nissan Murano (₱115,000); one Hyundai Grand Starex GL (₱110,000); Premium and Regular Gasoline (₱200,000); Flat Glass (₱352,000); and 35 packages of Steel Wire (₱352,000). Among the sale lots, the highest offer during the proceeding was recorded for a 2024 Ferrari SF90 Stradale (Mansory), which received an offer of ₱30,100,000.
The initiative supports President Ferdinand R. Marcos Jr.’s directive to promote transparent and accountable governance while maximizing government resources for the benefit of the Filipino people.
The negotiated sale forms part of the BOC’s continuing efforts to ensure the lawful, transparent, and efficient disposition of abandoned and forfeited goods in accordance with existing customs laws, rules, and regulations. Beyond facilitating the proper management of seized goods, the activity contributes to government revenue generation through established disposal mechanisms.
Commissioner Ariel F. Nepomuceno said the successful disposal demonstrates the Bureau’s commitment to transparent, decisive, and efficient customs administration.
“I congratulate everyone who contributed to the success of this negotiated sale, at maraming salamat din sa ating mga offerors. Patuloy nating palalakasin ang ating mga proseso upang mas mapabuti ang ating serbisyo at makapagbigay ng mas malaking pakinabang sa pamahalaan at sa mga Pilipino,” Commissioner Nepomuceno said.
Under the leadership of Commissioner Nepomuceno, the Bureau continues to advance its IAM agenda—Integrity, Accountability, and Modernization—through transparent and accountable customs operations. The negotiated sale was livestreamed to promote transparency and public accountability, reflecting the Bureau’s commitment to modernizing customs processes and supporting the government’s revenue generation objectives.
The negotiated sale remains subject to the approval of the Secretary of Finance pursuant to the Customs Modernization and Tariff Act. Once approved proceeds from the negotiated sale, amounting to PHP33,499,000, will be remitted to the Bureau of the Treasury.
