By Betheena Kae Unite
The Bureau of Customs (BoC) has again exceeded its revenue collection goal for January.
The bureau announced Monday that it has posted a total of P48.153-billion revenue collection with a surplus of P2.527 billion against its P45.626-billion goal.
Customs Commissioner Rey Leonardo Guerrero said the completed collection goal was backed by “continued process improvements in the bureau such as tighter watch over imports and import values of goods.”
Data showed that revenues generated by the bureau in January were derived mostly from cash collection, which refers to duties, taxes, and fees collected from goods that entered through customs ports nationwide.
This year’s January collection, the bureau said, is 17.9 percent or P7.322 billion higher compared to the P40.830-billion collection of the same period last year.
Guerrero said that “far more aggressive reforms, including automation, will be implemented over the next months” to improve the bureau’s processes, enhancement of cargo clearance, and examination capabilities.
Institutional and individual capabilities in the area of intelligence and enforcement, which are part of his 10 point reform plan for 2019, will also be strengthened, Guerrero said.