October 30, 2021
Two warehouses in Binondo and the town of Tanza in Cavite were raided by the Bureau of Customs, NBI, and the Philippine Coast Guard after receiving information that fake goods were allegedly being hidden there.
Under the letter of authority, the warehouses were inspected and imported, and counterfeit branded products such as face masks, hats, clothing, and some electronic products were discovered.
This is a violation of the Intellectual Property Code due to imitation of the products of well-known brands.
The value of the seized items is estimated at P500 million to P600 million.
Among those discovered in the warehouse in Cavite were Chinese food and beverages and some medical protective masks.
The BOC warns that counterfeit products can be bought at lower prices, but the materials used may not go through the proper process, which can harm health.
It is also specified that the owner of the warehouses can be charged with violating the Intellectual Property Code and Customs Modernization and Tariff Act.
SOURCE:https://philippineslifestyle.com/500m-fake-goods-confiscated-manila-cavite/
