BOC Cebu breaches P4B-mark in record July collection
THE Bureau of Customs (BOC) Port of Cebu reaped a total revenue of P4.376 million for July, exceeding the target for the month by P1.067 billion or 32.26 percent.
This performance sets the port’s highest collection record anew, topping June’s collection of P3.968 billion, and posting a P1.251 billion or 40 precent year-on-year growth.
“This is the first time that the Port breached P4 billion in its collection history. This energizes all of us to continue our strategies for maximizing collection, especially through correct valuation and classification, and strict review of importation documents to avert trade misinvoicing,” said BOC Cebu District Collector Charlito Martin Mendoza.
The BOC Cebu has consistently surpassed its monthly targets since January, posting a total of P24.568 billion in accumulated revenues. The subports of Mactan and Dumaguete also exceeded their collection targets for the month which significantly contributed to the aggregate revenue of the district.
Aside from crediting the consistent performance to the hard work and dedication of the agency’s officers and personnel, Mendoza also acknowledged the port’s stakeholders for their active participation and cooperation in port-initiated education campaigns aimed at keeping importers and brokers abreast of customs procedures and supporting compliance with customs regulations.
With the guidance of BOC Commissioner Yogi Filemon Ruiz, Port of Cebu continues to intensify its revenue collection efforts, as well as strengthen its trade facilitation and border protection measures, to support the National Government’s fiscal strategies toward full economic recovery.