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Manila Bulletin devider Philippines devider National devider Customs posts P50.9-B collection, surpassing target by P2.5-B in October

Customs posts P50.9-B collection, surpassing target by P2.5-B in October

Published Nov 3, 2020 04:51 pm

The Bureau of Customs announced Tuesday, Nov. 3, that it hit its monthly collection target for the month October by posting P50.9 billion total revenue.

(MANILA BULLETIN FILE PHOTO)

The total collected revenue is 5.2 percent or P2.5 billion higher than its P48.4-billion target for the month.

In a statement, the bureau highlighted that it was the fifth consecutive month since June 2020 that they were able to reach their collection goal.

According to the preliminary report from the Customs-Financial Service, seven out of the 17 collection districts exceeded their target for the month. These are the ports of Batangas, Manila, Zamboanga, Subic, Clark, Limay, and Cebu.

Customs Commissioner Rey Leonardo Guerrero attributed the positive revenue collection performance to the improved valuation and intensified collection efforts of all the ports, as well as to the gradual improvement of importation volume.

He added that the government’s effort in ensuring unhampered movement of goods domestically and internationally considering the pandemic situation is also vital in achieving the collection target.  

Since January this year, the bureau has collected P448.950 billion, reflecting the 88.7 percent of the 2020 target collection pegged at P506.150 billion.

Guerrero also commended the collective effort of the Customs personnel who, “despite the risk to their health and safety, showed their unwavering commitment and dedication to service.”

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