|
Monday, January 30, 2006
Customs Mactan posts 28% revenue growth
DESPITE the economy being sluggish last year, collection of customs duties in Cebu’s economic zones (ecozones) posted a 28-percent growth over that of 2004.
As it is, Mactan Economic Zone (MEZ) collector Allan Umali said he is optimistic that the Bureau of Customs (BOC)-MEZ will surpass this year the P75.4-million collection it made in 2005.
There are three ecozones in Mactan. These are government-owned and -managed MEZ 1, Aboitiz-owned and -managed MEZ 2 and the Cebu Light Industrial Park (Clip), which was developed and managed by the Science Park of the Philippines Inc.
Highest
Umali said in a statement that last year’s collection was the highest so far, since the MEZ was established in 1979. It surpassed the P66.3-million collection in 2002.
BOC-MEZ’s revenues come mostly from collection of tariff on allowable local sales of firms located at MEZ, as provided under Republic Act 7916, otherwise known as the Special Economic Zone Act of 1995, and the sales and wastages law.
Miscellaneous fees and sale of forms also contributed to the office’s 2005 total collection.
Umali identified Timex Philippines, Lear Automotive and ASO Philippines, all locators of MEZ 1, as the biggest sources of collection.
To meet its collection target this year, Umali said BOC-MEZ had conducted a series of dialog with scrap buyers informing them that tight monitoring in the sales of wastages and local sales will be conducted this year.
The entry of a total of nine new firms in the three ecozones is another factor that made BOC-MEZ bullish in its collection targets.
Cebu now has a total of 165 exporting companies located in MEZ 1, 2 and Clip.
Umali said optical products, electronic parts, print cartridges, garments and wire harnesses are the top export commodities that strengthened BOC’s revenue collection. (JBN)
For Bisaya stories from Cebu. Click here. (January 30, 2006 issue)
Write letter to the editor.Click here.
Join the Sun.Star message board.Click here.
|
|
[return to top]
[home]
[network page]
|
LOCAL NEWS
BUSINESS
OPINION
SPORTS
LIFESTYLE
FEATURE
SUPERBALITA
WEEKEND
|
