Tuesday, December 7, 2021
HomeCustoms & TradeBOC April collection up 13%

BOC April collection up 13%

ID-100135641The Bureau of Customs (BOC) collected revenues totaling P30.764 billion in April, the fourth straight month of double-digit growth.

The April collection was up 13.4% year-on-year, on the back of continued process improvements and tighter watch over imports and import values of goods, the agency said in a press statement. It is, however, 14% short of the P35.793-billion target.

For the first four months of the year, revenue rose 22.2% to P117.266 billion from P95.953 billion in the comparable period last year. The total is also less than the goal of P130.571 billion.

BOC attributed the slowdown in revenue growth to fewer working days (19 days versus 21 days in April 2013) and the implementation of the Manila daytime truck ban, which affected collections at the Port of Manila and Manila International Container Port (MICP), the country’s largest customs ports in terms of volume.

Of the total April collection, MICP and the Port of Manila accounted for P8.771 billion (against target of P10.173 billion) and P5.508 billion (against target of P7.506 billion), respectively.

Out of 17 revenue districts, only five exceeded their targets: Subic (took in P1.444 billion versus its P752.1-million goal), Aparri (P39.7 million vs P28 million), Limay (P3.984 billion vs P3.561 billion), Iloilo (P120.4 million vs P74.1 million), and Cagayan de Oro (P698.9 million vs P693.1 million).

For the month of May, the BOC is tasked a target collection of P35.087 billion.

BOC accounts for about 22% of total government revenues.

Image courtesy of franky242 / FreeDigitalPhotos.net


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