Customs collections up by 42% in June

The Bureau of Customs (BoC) collected P50.139 billion in June, 41.6% higher than the P35.417 billion recorded in the same month last year.
The latest collection figures is 4.9% above the P47.797 billion target that month.
“This achievement is attributed not only to the consistent diligence of all BoC ports in terms of collection but also to the continuing application of correct valuation and tariff classification of goods,” Customs Commissioner Isidro S. Lapeña said in a statement on Monday, July 2.
Total revenues from January to June reached P280.33 billion, 33.31% higher than the P210.28 billion the BoC generated in the same six months in 2017.
This is 0.8% greater than the P278.13-billion target in the first half of the year.
“The total accrued revenue in six months has already exceeded 50% of the P598 billion target for the year,” the BoC said.
In April, the BoC shuffled the heads of some of its collection districts to different ports after they failing to meet their respective collection targets. — Elijah Joseph C. Tubayan