Customs bureau reports P2B collection surplus

THE Bureau of Customs (BOC) has posted a surplus of P2 billion as against its target in February, despite the non-importation of rice for the period.

Preliminary figures revealed that as of February 23, the revenue has surpassed its target of P13.11 billion when it collected P15.07 billion. The figure covers 17 days of the 19 days that BOC can collect throughout its districts.

However, despite the overall positive collection, two of the biggest ports -- Manila International Container Port (MICP) and Port of Limay in Bataan -- are likely to post deficits.

MICP is still P782 million shy of its P4.82 billion target for the month, while Limay only collected P722 million for the period, less than half of its P1.9 billion target.

On the other hand, Port of Batangas has the most number of revenue surplus, collecting P4.3 billion, or P1.13 billion higher than its target.

Port of Manila, the country’s second largest, has a surplus of P785 million for the period and collected P3.4 billion.

Other ports that will likely to overshoot their targets are Iloilo, Tacloban, Subic Bay, Clark Field, and Aparri.

Ninoy Aquino International Airport, however, is just P139 million short of its P1.26 billion target for the period.

This is the second time the BOC recorded positive collection. Last January, the bureau also recorded a surplus on their collection attributing it to the increase importation in steel and cars. (FP/Sunnex)

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