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Customs gains P1.2-B revenue from post clearance audit

Philippines | National

Customs gains P1.2-B revenue from post clearance audit

By Betheena Unite

The Bureau of Customs said Thursday that it posted an additional P1.2-billion revenue from post clearance audit in 2020.

Data from the bureau’s Post Clearance Audit Group (PCAG) showed that it was able to collect around P1.2 billion from a total of 168 audit notice letters issued in 2020.

The bureau also disclosed that they are looking to collect additional revenue from audit notice letters issued in 2019.

“In addition to audit notice letters and revenues collected in 2020, PCAG also stated that it is optimistic that additional revenues may still be collected from post clearance audits from 2019,” the bureau said in a statement.

Presently, there are still 26 demand letters being collected amounting to an estimate of P12 billion and 18 demand letters amounting to P5 billion which are undergoing motion for reinvestigation/reconsideration.

Another 8 audit notice letters amounting to P6.9 billion, which remain unpaid and for referral to Customs legal service for filing of a collection suit, are also pending.

The Customs bureau was able to collect P539.660-billion revenue for the year 2020, reflecting 106.6 percent of the target collection of P506.150 billion.

Ten out of the seventeen collection districts also exceeded their target for 2020, namely the Ports of Cebu, Tacloban, Surigao, Cagayan De Oro, Zamboanga, Davao, Subic, Clark, Aparri, and Limay.

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