Customs revenue collections fall due to expanded Manila truck ban-A A +A
Tuesday, February 25, 2014
TWO of the largest collection districts of the Bureau of Customs (BOC) have reported a large drop in revenue collection brought about by the implementation of the expanded truck ban in Manila.
Initial reports from the Port of Manila (POM) and the Manila International Container Port (MICP) showed that the former’s collection dropped by 47 percent to P134.4-Million from the previous daily average of P253-million while the latter posted a decline of 27 percent from a daily average of almost P360-Million when it only generate P262.8-million last Monday, the first day of the implementation of the truck ban.
A drastic slowdown in the release of container vans was also recorded with MICP only able to release four last February 24, from a daily average of 2,150; while no container vans exited POM on Tuesday, from an average of 1,200 container vans per day from February 1 to 21.
The said ports are the two biggest ports in the country in terms of cargo volume and customs revenues, accounting for about 48 percent of total collections of the entire Bureau of Customs.
"While there are conditions and factors that are beyond the control of the Bureau of Customs, we are ready to adjust to the needs of importers and other stakeholders," said Customs Commissioner John Sevilla.
With this, the BOC chief said they are coordinating with affected stakeholders, including the Port Users Confederation, as well as Asian Terminals, Inc. and the International Container Terminal Services, Inc., private port operators that run POM and MICP, respectively.
On Monday, the Manila City government implemented an expanded ban on trucks and other vehicles with gross weight above 4,500 kilograms from 5 a.m. to 9 p.m.
The ban is seven hours longer than the previous restriction, except on Saturdays and Sundays.
However, trucks carrying perishables and petroleum products, as well as vehicles used for government projects are exempted from the truck ban. (FP/Sunnex)