Conditions for Settlement of Seizure Cases
- Settlement by payment of a fine or redemption of the forfeited property is allowed except when there is proven fraud.
- Eligible parties to offer settlement: owner, importer, exporter, consignee, or their authorized agent.
- The fine is imposed by the District Collector.
- For forfeited property, payment must be for the domestic market value of the seized article.
- The Commissioner may also accept settlement on appeal under similar terms.
Payment and Release Procedure
- Upon settlement approval, payment must be within the amount determined by the District Collector.
- Payment range: minimum 20% to maximum 80% of the landed cost for imported articles or F.O.B. value for exported articles.
- Alternatively, payment for the domestic market value if the property is forfeited.
- Once payment is made, the seized property is released immediately.
- All liabilities related to the offense leading to seizure are discharged.
- Any previous cash deposits or bonds related to the property are also considered discharged.
Exclusions to Settlement
- Settlement by payment or redemption is not allowed if the importation is absolutely prohibited by law.
- Also disallowed if releasing the property would contravene any legal provision.
Repeal and Effectivity
- All inconsistent laws, rules, regulations, and issuances with this Executive Order are repealed or modified accordingly.
- The Executive Order takes effect immediately upon issuance.
Legal and Administrative Signatories
- Signed and promulgated by President Corazon C. Aquino.
- Administrative issuance carried out through the Executive Secretary Joker P. Arroyo.