BOC exceeds revenue target for March 2017

The Bureau of Customs (BOC) collected a total of P37.654 billion in duties and other taxes,

up 3% from its revenue goal of P36.572 billion for March this year, the latest collection performance report showed.

A preliminary report by the BOC’s Financial Service showed the March collection was also 16% higher than the P32.383 billion revenue reported during the same period last year.

MARCH COLLECTION Inforgraphic

The BOC’s largest revenue collecting ports generated billions of duties and taxes. Of 17 collection districts, nine exceeded their March collection targets, namely :

• The Manila International Container Port collected P11.721 billion, 3.7% higher than P11.30 billion target
• The Port of Batangas collected P8.50 billion, 3.7% higher than P8.195 billion target
• The Port of Cebu collected P1.680 billion, 4.8% higher than P1.604 billion target
• The Port of Cagayan de Oro collected P1.266 billion, 44% higher than P879.3 million target
• The Port of Davao collected P1.321 billion, 24.1% higher than P1.06 billion target
• The Port of Clark collected P131 million, 5.4% higher than P124.6 million target
• The Port of San Fernando collected P244 million, 30.2% higher than P187.5 million target
• The Port of Legaspi collected P77 million, 276.1% higher than P20.5 million target
• The Port of Iloilo collected P219 million, 8.7% higher than P201 million target
• The Port of Zamboanga collected P32 million, 128% higher than P14 million target

In January, the bureau exceeded its collection by posting P35.943 billion, way above its P35.509 billion for the month. It was also 15% higher than the January 2016 collection.

For 2017, the Bureau hopes to hit the P468 billion revenue target which, according to Customs Commissioner Nicanor Faeldon, is achievable.

Said Faeldon : “With the strong implementation of the Customs Modernization and Tariff Act and our intensified operations against smuggling, I am positive that we will be able to achieve, or even exceed our 2017 revenue goal.” #

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Posted in Bureau of Customs, Nicanor Faeldon

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Nicanor Faeldon Bureau of Customs
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