BOC exceeds collection target by 1.9% from Jan to Nov

  • The Bureau of Customs surpassed its collection target by 1.9% from Jan to Nov 28, 2023
  • The agency took in P803.24 billion from its P788-billion goal
  • It conducted 819 seizure operations for the period, resulting in P43.84 billion revenues from illicit goods
  • 370 new personnel were hired and 329 organic employees promoted this year
  • 200 more positions will be filled by end-2023
  • The collection goal for the year is from P900 billion to P1 trillion

The Bureau of Customs (BOC) exceeded its collection target by 1.9%, taking in P803.24 billion from January to November 28, 2023 vis-à-vis its P788-billion goal.

The performance is credited to increased trade activities, enhanced customs operations, and the bureau’s reinforced initiative to improve lawful revenue collection, according to BOC Assessment and Operations Coordinating Group deputy commissioner Vener Baquiran at the 31st National Convention of the Chamber of Customs Brokers, Inc.

The BOC’s annual target for 2023 is P901.3 billion, marking its highest collection goal to date. BOC assistant commissioner Vincent Philip Maronilla expressed the bureau’s aim to collect between P900 billion to P1 trillion in revenues this year.

“For this year, we are aiming to contribute, hopefully, about P900 billion to about P1 trillion, if possible, from our revenue surplus,” Maronilla said earlier.

READ: BOC targets up to P1T collections for 2023

From January to November 28, BOC also reported a record high of 819 seizure operations of illicit goods amounting to revenues of P43.84 billion.

The top seized commodities, based on value, were counterfeit goods worth a total of P25.71 billion; illegal drugs (P7.58 billion); agricultural products (P3.78 billion); cigarettes and tobacco (P3.77 billion); and general merchandise (P963.69 million).

This year BOC recruited 370 new personnel and promoted 329 organic employees. BOC also aims to fill another 200 positions by the end of 2023.