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Dec 2, 2017 @ 18:43

BOC posts P47B collection in November, its highest monthly haul ever

 

The Bureau of Customs (BOC) posted P46.470 billion revenues in November, its highest recorded monthly collection.

Customs Commissioner Isidro Lapena reported that five collection districts were able to surpass their monthly targets:

* Port of Batangas, with P13.339 billion collection, 18 percent higher than its P11.36 billion revenue target;
* Port of Tacloban, with P59 million collection, 177 percent jump from P21 million revenue goal;
* Port of Cagayan de Oro, with P1.273 billion collection, 1.1 percent hike from P1.259 billion revenue goal;
* Port of Clark, with P149 million collection, 6.6 percent higher than its P140 million revenue target; and
* Port of Davao, with P1.56 billion collection, 6.6 percent more than its P1.464 billion revenue target.

“We have been achieving historical collection figures since September, but the latest November collection is really a milestone for BOC, being the highest in the monthly collection ever achieved by BOC. This, despite having only 19 working days. I think we could have surpassed our monthly target if November has the usual number of working days,” Lapena said in a statement.

Before Lapena took over, the agency’s monthly collection peaked at P35 billion. Lapena has squeezed out more than P41 billion monthly revenues in September and October.

“I am really optimistic that by December, the BOC will finally be able to hit, if not surpass its monthly target. Together with all the ports, we are really hoping that we will achieve this,” he added.

He attributed last month’s efficient collection to the increase in the volume of importation by 7.9 percent, increase in oil prices and also from the “no tara policy” strictly being enforced,

Lapena added that auction proceeds, a non-traditional source of revenue, also contributed significantly to this latest collection feat.

According to the data from the Port Operations Service, total proceeds from auction reached P62.5 million in November. The total proceeds from auctions held in different ports nationwide from January to November reached P256.8 million.

(Ferdinand G. Patinio/PNA)

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