Home » Breaking News, Customs & Trade » Most PH Customs collection districts see red

All five key collection districts of the Philippine Bureau of Customs (BOC) failed to meet their revenue targets in February, with four of the five posting a minimum 15% shortfall.

In addition, only five of the remaining 13 collection districts either met or surpassed their goals.

The Manila International Container Port (MICP), the BOC’s biggest collection district, reported the biggest deficiency followed by the oil port of Batangas, the Port of Manila (POM), and Ninoy Aquino International Airport (NAIA).

Posting a single-digit shortfall was the oil port of Limay.

MICP collected P5.44 billion for February, 22% below its target of P6.97 billion. In January the port also missed its goal by 20.4%, taking in only P11.33 billion.

Batangas Port, the country’s biggest oil port, registered a 21% shortfall in its P5.45-billion target to P4.30 billion. Its January collection was 14.5% lower than the target of P11.12 billion.

POM was 15.1% below target, collecting P4.69 billion in February from its goal of P6.97 billion. For the previous month, it missed its P11.29-billion goal by 14.8%.

NAIA registered a 14.9% deficit to P1.70 billion against its P2-billion target. In January, the collection district saw a 13.61% shortfall, taking in P3.53 billion vis-à-vis its target of P4.09 billion.

Limay took in P2.55 billion, 7.8% below its target of P2.76 billion. Its January revenue is also lower than the target by 4.1% to P5.42 billion.

Other ports that missed their February targets included San Fernando, Legazpi, Cebu, Tacloban, Zamboanga, Clark, Appari and the Office of the Commissioner, the later tasked to collect the tax expenditure fund from government agencies with import shipments..

Those that met their target were Iloilo, Surigao, Cagayan de Oro, Davao and Subic.

This year, the BOC is tasked to collect P347 billion, down from the original target of P365 billion.

Photo: Business Regression by vichie81
http://www.freedigitalphotos.net/images/view_photog.php?photogid=2023

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