Customs surpasses February collection goal, hits P43.7 billion

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The Bureau of Customs (BOC) reported on Friday, March 2, that it surpassed its revenue collection target for February, posting a surplus of P 1.965 billion as the majority of ports exceeded their revenue goal.

In its press release, Customs Commissioner Isidro Lapeña cited the initial collection report from the agency’s Financial Service, which showed that the BOC collected a total of P43.674 billion revenue in February, 41.55% higher than the P30.854 billion collection in the same period last year and 4.7% higher than the P41.709 billion collection goal set for February.

BoC said the growth to the improved collection of the majority of the BOC ports, notably by the revenues generated by the Manila International Container Port (MICP), Port of Manila (POM) and Batangas.

“Majority or 14 out of the 17 ports of the Bureau of Customs exceeded their collection target for the month and this is mainly because of the intensive campaign against corruption and smuggling,” Mr. Lapeña said in a statement.