THE Bureau of Customs (BoC) exceeded its collection target in May by 6.6% after collecting P49.334 billion on the strength of a revised import valuation system, and improved volumes, the agency said in a statement Wednesday.
The preliminary collection total was also 60.4% higher year on year, with all the months of 2021 running above target.
“The BoC’s positive revenue collection performance is attributed to the improved valuation and volume of imports, and the intensified efforts of all the ports to prevent revenue leakage and collect all lawful revenues,” the agency said.
It said 12 out of 17 collection districts exceeded their collection targets for the month: the ports of Batangas, Cagayan de Oro, Clark, Davao, Iloilo, Legaspi, Manila, San Fernando, Subic, Surigao, Tacloban, and the Manila International Container Port.
Customs collected P249.79 billion in the first five months, 2.1% higher than its goal for the period and exceeding year-earlier levels by 18.7%.
The five-month revenue total is the equivalent of 40.5% of its P616.749-billion collection target for 2021. — Beatrice M. Laforga
