BOC-Davao collections grow 54% in first half-A A +A
Wednesday, August 6, 2014
THE Bureau of Customs (BOC)-Davao posted a 54 percent increase in its revenue collections for the first half of 2014.
Based on the data released by BOC-Davao, total collections for the first semester is pegged at P4.34 billion as compared to P2.81 billion recorded in the same period last year.
BOC-Davao district collector retired Army general Ernesto Aradanas, in a press conference at the BOC-Davao head quarters yesterday, said they have increased the valuation of imported products as directed by the risk management office of the BOC central office, bringing the good collection performance up.
He said with the redirecting of some Manila-based importers to the port of Davao as their entry point has cranked up their collections.
"Some of the stakeholders in Manila find it hard to have their imports delivered at the ports in Manila because of the congestion. That is why, you have some importers starting to redirect their entry point to the port of Davao," Aradanas said.
He also said by easing off a bit the processes, they have fasttracked the processing of goods and documents which also helped increase their collections.
"The Port of Davao welcomed the entry of new players which greatly contributed to its outstanding collection performance," said Fatima A. Espino, BOC-Davao public information officer.
The new players include: Therma South Inc., Seaoil Philippines Inc., TWA Inc., Wilmar Edible Oils Philippines Inc., Isla LPG Corporation, and Malita Power Plant.
BOC-Davao noted a double to triple digit growth in the collections a month.
The collection for January 2014 increased by 44 percent to P706.82 million as against to the P492.08 million collection January 2013.
For February, collections increased by 31 percent to P634.15 million as compared to last year's P482.95 million. In March, BOC-Davao recorded 124 percent increase, recording a P710.14 million collections as compared to P316.38 million last year; collections increased by 20 percent to P603.62 million in April from P501.25 million of same period last year; collections for the month of May reached P864.29 million, up by 67 percent from P516.63 million; and in June, BOC-Davao recorded P822.53 million, up by 62 percent from last year's P506.35 million.
Published in the Sun.Star Davao newspaper on August 07, 2014.