Port of Cebu collects P1.2B, exceeds target for August-A A +A
Saturday, September 7, 2013
WHILE the entire Bureau of Customs (BOC) under Commissioner Rozzano Rufino Biazon reported it was short of P3 billion for its August 2013 target revenue, the Port of Cebu under District Collector Edward dela Cuesta posted a surplus collection of P364.8 million last month.
Dela Cuesta said that August had only 18 working days but they were able to collect P1.2 billion as against the P781.6 million target.
Dela Cuesta said part of the P1.2 billion collection that came from the proceeds of the auction sale of the smuggled rice, which amounted to P306.5 million.
He, however, said that even without the proceeds of the seized rice, they will still exceed the collection goal of the month by P54.6 million.
According to the report of Collection Division Chief Conrado Abarintos, the Port of Cebu achieved 100 percent in collection target, has 5.56 percent positive difference on average daily target and has gathered 146.67 percent in cumulative cash collection.
The sub-ports of Mactan in Lapu-Lapu City and in Dumaguete City also posted surplus in collections for August that were added to the P1.2 billion collection of the Port of Cebu.
Mactan has actual collections of P32.448 million as against its P25.6 million target or posted a surplus of P6.848 million.
Dumaguete, on the other hand, has collected P140,205. This is higher by P40,205 from its collection target of P100,000.
Dela Cuesta said he is confident the Port of Cebu can still maintain surplus collections for the month of September because of the auction sale of the remaining smuggled rice valued at P355 million.
Dela Cuesta said this will be the last bidding for the total 1,169 cargo containers of rice that were seized by the Port of Cebu early this year.
The biddings of the smuggled rice last May, July and August were successful because the price was at the average of P1,560 per bag or above the floor price of P1,300 per bag as recommended by National Food Authority.
Another factor for the consistent increase in collections is the growing economy of Cebu and the rest of Central Visayas resulting to more importations of raw materials for the manufacture of products, machineries and equipment for industries, and finished products, he said.
“With the steadily growing economy of Cebu, we have consistent surplus revenue collections against monthly targets since January this year,” Dela Cuesta said.
He said that if they will hit the annual target for 2013, which is P8.6 billion by the end of September, their collections for the months of October, November and December will all be surplus.
Published in the Sun.Star Cebu newspaper on September 08, 2013.