BOC-Port of Cebu collects P4 B in July

Published August 4, 2022, 2:12 PM

by Calvin Cordova 

CEBU CITY – The Bureau of Customs (BOC)-Port of Cebu made history when it collected more than P4 billion in July.

The Port of Cebu collected P4.376 billion, exceeding its target for the month by P1.067 billion or 32.26 percent, breaking the old record of P3.968 billion in June.

“This is the first time that the port breached P4 billion in its collection history. This energizes all of us to continue our strategies for maximizing collection, especially through correct valuation and classification, and strict review of importation documents to avert trade misinvoicing,” said District Collector Charlito Martin R. Mendoza.

Posting a P1.251 billion or 40 percent year-on-year growth, the Port of Cebu has consistently surpassed its monthly targets since January, posting a total of P24.568 billion in accumulated revenues.

The Subports of Mactan and Dumaguete also exceeded their collection target for the month which significantly contributed to the aggregate revenue of the district.

Aside from crediting the consistent performance to the hard work and dedication of Port of Cebu officials and personnel, Mendoza also acknowledged the port’s stakeholders for their active participation and cooperation in port-initiated education campaigns aimed at keeping importers and brokers abreast of Customs procedures and supporting compliance with Customs regulations.

“With the guidance of Commissioner Yogi Filemon L. Ruiz, the Port of Cebu continues to intensify its revenue collection efforts, as well as strengthen its trade facilitation and border protection measures, to support the national government’s fiscal strategies toward full economic recovery,” said Mendoza.