By Chino Leyco
The Bureau of Internal Revenue (BIR) said the government would likely issue a closure order for the manufacturing facilities controlled by embattled cigarette-maker Mighty Corp. next month.
BIR Commissioner Caesar Dulay said that Mighty Corp. may soon run out of raw materials for its cigarettes following the Bureau of Customs’ (BOC) order suspending the tobacco manufacturer’s importation permit.
Dulay also said that the massive number of fake stamps that were confiscated in Mighty Corp.’s warehouses warrant for the cancellation of its license to operate.
“If you recall the Bureau of Customs cancelled their authority to import the raw materials. You could imagine that within the next two or three months, if you don’t have the license, you [also] don’t have imported raw materials, how do you manufacture your cigarettes?” Dulay said.
Last week, the BOC denied the Mighty Corp’s petition to lift its suspension order against the company, saying the Wongchuking-owned firm failed to provide documents that would identify which shipments should be processed by authorities.