Customs surpasses revenue target for fourth straight month

Published October 5, 2020, 11:29 AM

by Hanah Tabios

Despite the effects of the prevailing health crisis to the overall trading environment, the Bureau of Customs (BOC) surpassed its revenue collection target for the fourth consecutive month since June. 

(MANILA BULLETIN FILE PHOTO)

The BOC surpassed its monthly target collection in September by 33.17 percent or ₱12.511 billion. 

The agency collected a total of ₱50.226 billion against its target of ₱37.715 billion. 

Based on the preliminary report from the BOC-Financial Service, 14 of the 17 collection districts exceeded their target this month – Ports of San Fernando, Manila International Container Port (MICP), Ninoy Aquino International Airport (NAIA), Batangas, Cebu, Tacloban, Surigao, Cagayan de Oro, Zamboanga, Davao, Subic, Clark, Aparri, and Limay. 

The BOC has collected ₱397.514 billion since January, 78.54 percent of the 2020 target collection which is ₱506.150 billion. 

The agency said the improved collection performance was attributed to the intensified collective efforts of all ports, gradual improvement of importation volume, and the government’s efforts in ensuring unhampered movement of goods domestically and internationally considering the pandemic situation. 

The Bureau vowed to maintain its border security measures against undervaluation, misdeclaration, and other forms of technical smuggling and collecting lawful revenues.

 
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