US$13,500 in small bills seized by NAIA Customs

Published November 6, 2020, 11:28 PM

by Ariel Fernandez

The Bureau of Customs at the Ninoy Aquino International Airport (NAIA) has intercepted two packages at the Fedex warehouse containing undeclared foreign currencies with a total amount of $13,500 in Fedex.

(photo from BOC)

The packages were both misdeclared as “correspondence/no value”, which arrived on October 23 and 29, 2020, respectively. Both were sent by the same sender, a certain Jefferson from USA, and consigned to the same person from Poblacion, Muntinlupa City.

Upon 100 % physical examination, the first package was found to contain 75 pieces of US$100 Bills. While the other package contained 150 pieces of $20 Bills, 20 pieces of $50 Bills, and 20 pieces of $100 Bills.

NAIA Customs District Collector Carmelita M. Talusan warned the public that under the Bangko Sentral ng Pilipinas (BSP) Manual of Foreign Exchange Transaction, in importing foreign currencies, the importer simply needs to declare the amount intended to be imported using the prescribed Foreign Currency Declaration Form. 

The foreign currencies shall be subjected to seizure and forfeiture proceedings for violation of Sections 1400 (misdeclaration) and 1113 of R.A. No. 10863 (CMTA) in relation to the R.A. 7653 (New Central Bank Act) and BSP Foreign Exchange Transaction Manual.