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BOC exceeds revenue target by P1 billion

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by Raymund Antonio

The Bureau of Customs (BOC), the government’s second biggest revenue generating agency, exceeded its target in March by posting a surplus of P1.08 billion in revenues, a collection report showed.

BOC generated revenues amounting to P37.65 billion, higher than its collection target of P36.57 billion last month.

The agency said the March collection was also 16 percent higher than the P32.38 billion it collected during the same period last year.

Of its 17 collection districts, 10 ports exceeded their respective collection goal.

Among these were the Ports of Batangas, Cebu, Davao, Cagayan De Oro, Clark, San Fernando, Legaspi, Iloilo, Zamboanga, and Manila International Container Port (MICP).

MICP collected P11.72 billion, 3.7 percent higher than its P11.30-billion target while Batangas posted a surplus for its collections of P8.50 billion as against its target of P8.20.

Port of Cebu had a collection of P1.68 billion, exceeding its revenue goal of P1.60 billion.  Davao and Iloilo ports posted an excess of P260 million and P18 million, respectively.

CDO collected P1.27 billion, 44 percent higher than its P879.3-million target while Clark generated P131 million as against its goal of P124.6 million.

The ports of San Fernando, Legaspi, and Zamboanga likewise surpassed their respective collection targets last month.

For this year, Customs Commissioner Nicanor Faeldon expressed optimism the BOC would hit the P468-billion revenue target.

“With the strong implementation of the Customs Modernization and Tariff Act and our intensified operations against smuggling, I am positive that we will be able to achieve, or even exceed our 2017 revenue goal,” he said.

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  • Ros Feliciano

    Commissioner Nicanor Faeldon is giving good names to the NOQC. Keep up the good work; steady on course.