Customs bureau exceeds revenue target for February, hits P43.67-B revenue

Published March 2, 2018, 4:19 PM

by Roel Tibay

By Betheena Kae Unite

The Bureau of Customs (BOC) today announced that it exceeded its revenue collection target for February by hitting a P43.674-billion revenue.

Bureau of Customs logo (Manila Buleltin File Photo)
Bureau of Customs logo (Manila Bulletin File Photo)

This was almost P2 billion higher than the P41.709 billion collection target for the month, according to the bureau’s financial service.

It was also noted that the February 2018 revenue collection was P12.82 billion or 41.5 percent higher than the P30.854-billion collection on the same period last year.

Majority of the ports, Customs Commissioner Isidro Lapeña said, exceeded their revenue goal this month.

Lapeña said the improved revenue collection can be attributed to the improved collection revenues generated by the Manila International Container Port (MICP), Port of Manila (POM) and Port of Batangas.

MICP collected P13.438 billion revenue, up by 4.49 percent against the P12.861 billion target collection. The port was able to register a surplus of P577 million.

POM posted P6.529 billion in revenue exceeding its target of P6.27 billion by 4.1 percent and with the surplus reaching P259 million.

The Port of Batangas, on the other hand, collected P9.982-billion revenue with P326-million surplus or 3.4 percent higher than the P9.656-billion revenue goal.

Eleven other ports contributed to the notable increase in BOC collection, Lapeña said.

Based on BOC’s recent data, these ports are: Port of Limay with P2.544 billion, or 0.2 percent higher than the P2.538-billion revenue goal; Port of Cebu with P2.084 billion, or 10.9 percent higher than the P1.879-billion revenue goal; Port of Davao with P2.067 billion, or 54.4 percent higher than the P1.339-billion revenue goal; Port of Cagayan de Oro with P1.668 billion, or 41.6 percent higher than the P1.178-billion revenue goal; Port of Subic with P1.509 billion, or 0.5 percent higher than the P1.501-billion revenue goal;

Port of Iloilo, with P373 million, or 65 percent higher than the P226-million revenue goal; Port of San Fernando with P293 million, or 28 percent higher than the P228-million revenue goal; Port of Clark with P142 million, or 29.1 percent higher than the P110-million revenue goal; Port of Tacloban with P81 million, or 324.6 percent higher than the P19-million revenue goal; Port of Legaspi with P53 million, or 166.9 percent higher than the P20-million revenue goal; and Port of Aparri with P27 million, or 579.6 percent higher than the P4-million revenue goal.

The Port of Davao, which Lapeña said is notable for its consistent collection performance, continues to perform well in January and February this year.

“Majority or 14 out of the 17 ports of the Bureau of Customs exceeded their collection target for the month and this is mainly because of the intensive campaign against corruption and smuggling,” Lapeña said.

The Customs chief has been expressing optimism that the bureau can reach its collection target of P598 billion this year. This is 28 percent higher than the P467-billion target last year. The customs bureau in 2017 settled with P457.6-billion revenue collection, down by several millions.

Since the start of the year, Lapeña ordered all ports to strictly monitor the entry of all shipments and closely look after any form of smuggling attempts. Lapeña has also directed bureau officials to ensure that duties and taxes go straight into the government coffers.

 
CLICK HERE TO SIGN-UP
 

YOU MAY ALSO LIKE

["news"]
[2491713,2814292,2534630,2485825,2408462,2358243,2358052,2344118,2339143,2047660,1998697,996820,995332,995948,995006,994327,994303,993947,993860,993770,993529,993383,993285,798318,2840656,2840653,2840650,2840643,2840575,2840570]