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Customs beats August collection target

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120710 Manila, Philippines. Port of Manila. A container scanner at the Port of Manila scans a container truck as part of the Customs evaluation and examination of cargo that enter the country. The utilization of the non-intrusive x-ray machines at the Port of Manila greatly improved the apprehension of contrabands and anti-social goods with an approximated of Php 3 million in total worth of articles seized as a result of the scanning from May 2007 to August 2010.

The Bureau of Customs (BOC) said that it posted 35.1% higher revenue collection to P51.74 billion in August against P38.29 billion last year, beating its collection target for the month.

In a statement on Tuesday, Sept. 4, BOC said that last months’ collection is 4.7% higher than its target of P49.31 billion. However, this is lower compared to July’s collection of P52.14 billion.

This brings the total collection in the first eight months to P384.3 billion, 4% higher from a yearly comparison.

BOC’s Financial Service pointed to the “higher exchange rate, increased oil price in the market, proper valuation and strong enforcement and revenue enhancing measures” as the reasons behind the agency’s performance.

Customs Commissioner Isidro S. Lapeña also said that the agency’s “one-strike policy” motivated the ports to reach its targets.

Preliminary data from the Financial Service showed that the Port of Batangas posted the highest collection of P12.716 billion, followed by the Port of Manila and Port of Limay at P7.81 billion and P3.44 billion, respectively. — Anna Gabriela A. Mogato





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