Nickel Asia Corp. on Wednesday said it was slapped with a P100,000 fine by the Bureau of Customs for loading nickel ore into a marine vessel without a permit from the agency.
Nickel Asia said its unit, Rio Tuba Nickel Mining Corp., paid the penalty on February 7 for loading nickel ores onto Marine Vessel (MV) Jin Yuan on February 6, without having received an authority to load from the BOC.
“On February 7, 2023, the BOC advised RTN representatives that loading should only commence upon RTN’s receipt of the authority to load issued by the BOC pursuant to Section 16 of Customs Memorandum Order No. 22-2010 Revised Customs Port Operations Manual,” Nickel Asia said.
Rio Tuba Mining then received verbal instructions from BOC directing it to pay a penalty of P100,000.00 before it could resume the loading of ores in MV Jin Yuan.
The company said it paid the penalty on the same day.
