+ Follow SOUTHERN CROSS CEMENT CORP Tag
SOUTHERN CROSS CEMENT CORP
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[ArticleID] => 351540
[Title] => BOC imposes higher duty on Southern Cross imports
[Summary] =>
The Bureau of Customs (BOC) has decided to impose a higher cement import duty on the cement imports of Southern Cross Cement Corp. (SCCC) made in February 2005. SCCC is a unit of the Taiheyo Cement Corp. of Japan.
The BOC Intelligence and Enforcement Group (IEG) recently recommended to the Office of the Customs Commissioner the rejection of SCCC’s declaration using the lower transaction value tariff rate in declaring the value of the shipment.
The BOC-IEG is recommending that the higher deductive method should be used to prevent undervaluation.
[DatePublished] => 2006-08-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 334897
[Title] => Taiheiyo Cement penalized for late disclosure
[Summary] => Cebu-based Taiheiyo Cement Philippines Corp. (formerly Grand Cement Manufacturing Corp.) was slapped a P1.2-million penalty by the Board of Investments (BOI) due to its late disclosure that Japanese nationals own 88 percent of the company since April 2001.
[DatePublished] => 2006-05-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 307083
[Title] => BOI revokes Taiheiyo Cement Phils certificate of registration
[Summary] => The Board of Investments (BOI) has revoked the certificate of registration of Taiheiyo Cement Philippines Corp. (formerly Grand Cement Manufacturing Corp.) and slapped the firm with over P1.1 million in penalties for its late disclosure this year that Japanese nationals own 88 percent of the company since April 2001.
[DatePublished] => 2005-11-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 293159
[Title] => BOC investigates Southern Cross Cement for possible smuggling, undervaluation of imports
[Summary] => Southern Cross Cement Corp. (SCCC), which recently won a major victory in the Supreme Court (SC) against the imposition of safeguard measures against imported cement, is being investigated anew by the Bureau of Customs (BOC) for possible smuggling, misdeclaration and under-valuation of its recent cement exports this year.
The BOC’s is investigating alleged undervaluation of SCCC’s import entry declarations resulting in the possible avoidance of the payment of some P6 million in customs taxes and P18 million in value-added taxes (VAT) amounting to P24 million.
[DatePublished] => 2005-08-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 293009
[Title] => Lawyers study how DTI can overrule Tariff Commission
[Summary] => Even though the Supreme Court has made a final ruling on the cement safeguard issue, cement importers may have to face another hurdle as Trade and Industry Secretary Peter B. Favila is ordering the Department of Trade and Industry’s (DTI) legal experts to study how the DTI can overrule decisions of the Tariff Commission in cases where local industries clearly need protection.
[DatePublished] => 2005-08-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 257718
[Title] => DTI to ask SC to reconsider ruling on SCCC's cement importation
[Summary] => The Department of Trade and Industry (DTI) will file a motion for reconsideration with the Supreme Court (SC) regarding the SC’s recent ruling nullifying the imposition of safeguard duty on imported cement by the DTI on Southern Cross Cement Corp. (SCCC).
Trade and Industry Secretary Cesar V. Purisima said the SC ruling is "a blow to our ability to implement our policies and protect our industries against competition."
He explained that the DTI is tasked to create a level playing field for all players.
[DatePublished] => 2004-07-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 257497
[Title] => Cement group seeks review of SC rule on safeguard duty
[Summary] => The Cement Manufacturers Association of the Philippines (CeMAP) will seek a reconsideration of a recent Supreme Court (SC) ruling nullifying the imposition of a safeguard duty on imported cement.
CeMAP legal counsel Edcel Lagman, however, said that CeMAP has not yet been notified about the adverse SC ruling on the cement safeguard.
[DatePublished] => 2004-07-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 256653
[Title] => Court of Tax Appeals junks case filed by Southern Cross
[Summary] => The Court of Tax Appeals (CTA) has dismissed the case filed by Southern Cross Cement Corp. (SCCC) against the local cement industry, the Department of Finance, the Department of Trade and Industry and the Bureau of Customs.
The CTA dismissed last June 23 the case filed by SCCC questioning the imposition of the safeguard measures on imported cement.
[DatePublished] => 2004-07-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 229436
[Title] => Southern Cross Cement owes gov’t P53-M in taxes, says BOC
[Summary] => The Bureau of Customs (BOC) said yesterday Southern Cross Cement Corp. (SCCC) owed the government more than P53 million in unpaid taxes as a result of its importation of gray Portland cement which are subject to safeguard tariffs.
According to BOC documents, SCCC owes the government more than P53 million in the form of cash bonds, value added tax and duties for 2.315 million bags of cement it had imported when the imposition of the safeguard tariff was still being questioned.
[DatePublished] => 2003-11-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 229317
[Title] => DTI urged to lift safeguard duty on cement
[Summary] => Southern Cross Cement Corp. (SCCC) is urging the Department of Trade and Industry (DTI) to remove the safeguard tariff on imported cement.
In a 13-page position paper submitted to the DTI, SCCC argued that the DTI’s initial reason for imposing the P20.60 per bag safeguard tariff was to ensure price stability of cement.
[DatePublished] => 2003-11-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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