BOC posts improved revenue collection for September

THE Bureau of Customs (BOC) reported an improvement in its revenue collection since the start of the Duterte administration in July.

Based on latest initial reports from the Bureau's Financial Service, a total of P33.951 billion was so far collected for the month of September -- close to a billion increase from the P33.002 billion collection in August.

It reported that the Bureau has already achieved 94.9 percent of its P35.790 billion assessed revenue collected target for September, and is expected to increase upon the finalization of the report.

Of the 17 collection districts, six of them have already exceeded their collection targets for the month:

- Port of Clark: P225.2 million collected, P118 million target (190.9 percent)

- Port of Iloilo: P211.8 million collected, P182.6 million target (125.3 percent)

- Port of Zamboanga: P19.5 million collected, P16.3 million target (120.1 percent)

- Port of Cebu: P1.759 billion collected, P1.507 billion target (116.7 percent)

- Port of Davao: P1.052 billion collected, P987.5 million target (106.5 percent)

- Port of Batangas: P8.529 billion collected, P8.069 billion target (105.7 percent)

This month's collection is higher compared to the P32.651 billion collected in September 2015.

Last July, the revenue collection posted at P30.278 billion.

On the other hand, the Manila International Container Terminal (MICP) has already posted a collection of P10.583 billion, nearing its P10.601 billion target.

Meanwhile, Commissioner Nicanor Faeldon welcomed the improvement in the revenue collection.

"It depends on our ability to address other issues that we can improve the revenue collection," Faeldon said in a statement.

Apart from revenue collection, BOC's mandates include trade facilitation and border security. (FP/Sunnex)

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