THE Bureau of Customs (BOC) reported P70.727 billion in collections in March 2022, its highest monthly collection in history.
In a statement, the bureau said this was 22.6 percent higher than its target of P57.69 billion.
The high collection two years into the Covid-19 pandemic was attributed to the improving volume of imports in the country, improved valuation, as well as intensified collective efforts of all the collection districts.
Preliminary data reveal that 14 of 17 collection districts met their targets, including the ports of Cebu, Iloilo, Cagayan de Oro, Zamboanga and Davao in the Visayas and Mindanao.
The Bureau of Customs Port of Cebu exceeded its collection target for March by collecting P3.085 billion, 2.65 higher than its target collection of P3.005 billion, the BOC in Cebu said in a separate statement.
This brought the Port of Cebu’s collections for the first quarter of 2022 to P9.081 billion, 19.46 percent higher than its collection target for the quarter.
Other districts that met their targets were the ports of San Fernando, Port of Manila, Manila International Container Port, Ninoy Aquino International Airport, Batangas, Subic, Clark, Aparri and Limay, the bureau said.
The record collection in March brought collections in the first quarter of the year nationwide to P188.506 billion, 27.8 percent higher than the collection target of P679.226 billion.
April 04, 2022
- A A +
SunStar website welcomes friendly debate, but comments posted on this site do not necessarily reflect the views of the SunStar management and its affiliates. SunStar reserves the right to delete, reproduce, or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.
Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent. Do not shout or use CAPITAL LETTERS!