Customs improves September revenue collection despite major ports failing to hit goals

Published October 10, 2019, 7:38 PM

by Ellalyn De Vera & Richa Noriega

By Betheena Unite

Despite having only half of the total collection districts under the Bureau of Customs hit their respective targets, the bureau was able to improve its collection goal for the month of September.

Bureau of Customs (MANILA BULLETIN)
Bureau of Customs (MANILA BULLETIN)

The Customs bureau on Thursday announced that it exceeded its revenue collection target by 13 percent compared to its collection on the same month in 2018.

Based on the preliminary figures released by the Customs-Statistical Analysis Division (SAD), the bureau collected a total of P59.209-billion collection in September. It is P6.789 billion higher compared to the P52.42-billion collection for the same period in 2018.

The ports of Limay, Cagayan de Oro and Subic were able to post a total collection of P5.065 billion, P3.197 billion, and P3.107 billion, respectively, hitting their monthly targets. Other ports that were able to surpass their revenue goal are the Ports of San Fernando, La Union with P333.25 million; Port of Iloilo with P257.38 million; Port of Tacloban with P145 million; Port of Surigao with P4 million; Port of Zamboanga with P26.81 million; and Port of Aparri with P13.53 million.

The major ports, on the other hand, failed to hit their collection targets but they posted the highest revenues during the month. The Port of Batangas was only able to collect P15.514 billion while the Manila International Container Port had P14.634 billion.

Moreover, Port of Manila collected P5.667 billion revenue, Port of NAIA posted P3.745 billion, Port of Cebu had P2.598 billion, Port of Davao collectedP1.997 billion, Port of Legaspi with P13.56 million and Port of Clark with P187.83 million.

The bureau attributed its improved revenue collection to the increase in the volume of importation, higher collection as a result of the Tax Reform for Acceleration and Inclusion Law, Rice Tariffication Law and the National Food Authority tax expenditure collection.