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Wednesday, December 19, 2018

BOC surpasses July collection target

THE Bureau of Customs exceeded its revenue collection goal in July by 3.9 percent.

Total revenues collected in July reached P52.046 billion, or P1.976 billion more than the target of P50.07 billion, and 48.7 percent higher than the P34.99 collected in the same period in 2017.

Of the 17 ports under the bureau’s supervision, 15 exceeded their respective collection goals, based on preliminary data from the BOC–Financial Service.

The increasing revenue collection of the Bureau of Customs is attributed to the enhanced revenue collection performance of the bureau’s ports, namely Port of Batangas P13.390 billion, up 15.5 percent or P1.798 billion; Port of Manila P7.686 billion, up two percent or P159 million; Port of Limay P3.908 billion, up 28.2 percent or P861 million; Port of NAIA P3.347 billion, up 1.7 percent or P57 million; Port of Cebu P2.465 billion, up 9.2 percent or P209 million; Port of Davao P2.259 billion, up 40.6 percent or P652 million; Port of Cagayan de Oro P1.871 billion, up 32.3 percent or P457 million; Port of San Fernando P430 million, up 57 percent or P156 million; Port of Iloilo P338 million, up 24.6 percent or P67 million; Port of Tacloban P234 million, up 962.9 percent or P212 million; Port of Clark P204 million, up 54.7 percent or P72 million; Port of Zamboanga P35 million, up 47.1 percent or P11 million; Port of Legaspi P24 million, up one percent or P200,000; Port of Surigao P13 million, up 536.8 perce or P11 million; and Port of Aparri P10 million, up 101.6 percent or P5 million.

Meanwhile, the Manila International Container Port with target collection of P15.439 billion collected only P14.224 billion, while the Port of Subic collected only P1.601 billion against its revenue target of P1.802 billion.

The total revenue collected from January to July has already reached P332.5 billion, exceeding the P328.195 billion target for the first seven months of the year by 1.3 percent or a revenue surplus of P4.368 billion.

This is the sixth consecutive month this year that the bureau exceeded its revenue target. (PR)


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