Home » Customs & Trade, Ports/Terminals, Press Releases » BOC Feb collection up 1.6%

The Bureau of Customs (BOC) February 2019 collection was 1.6% or P698 million higher than the P43.716-billion collection year-on-year, the BOC said in a statement

The latest figure, however, missed the P45.627-billion target by 2.7%, according to preliminary data from BOC’s Financial Service.

Of the 17 collection districts, 12 ports exceeded their full-month revenue target. These are:

  • San Fernando – P377 million, up by 5.5% or by P20 million;
  • Manila – P6.594 billion, up 0.1% or P5 million;
  • Batangas – P11.316 billion, up 3.6% or P395 million;
  • Legazpi – P80 million, up 6.6% or P5 million;
  • Tacloban – P111 million, up 25.4% or P23 million;
  • Surigao – P2 million, up 448.3% or P1.8 million;
  • Cagayan de Oro – P2.234 billion, up 26.2% or P463 million;
  • Zamboanga – P58 million, up 105% or P30 million;
  • Davao – P2.305 billion, up 15.5% P309 million;
  • Subic – P2.280 billion, up 23.8% or P438 million;
  • Appari – P35 million, up 230.8% or P24 million; and
  • Limay – P2.374 billion, up 1.1% or P26 million

BOC noted that Port of Manila, despite its building being hit by fire on February 22 which destroyed an estimated P50 million worth of government systems and facilities, managed to continue its operations and surpass its target for the month.

Manila International Container Port, Ninoy Aquino International Airport, Iloilo, Cebu, and Clark, although missing their collection targets for February 2019, also contributed to the collection performance of the revenue-generating agency.

BOC’s initial total accrued revenue from January to February 2019 has reached P92.793 billion, exceeding the P92.329 billion target by 0.5% or a revenue surplus of P464 million. January and February have traditionally been slow months, with the former following the usual peak “ber” months and the latter being the Chinese inventory month.

In January 2019, the customs bureau surpassed its revenue collection target, posting a total of P48.153 billion, or 5.5% higher than the P45.626 billion goal.

BOC said the improved revenue collection is “the result of the correct valuation and tariff classification being implemented in all ports.”

No comments yet... Be the first to leave a reply!

Leave a Reply

Your email address will not be published. Required fields are marked *

13 + 17 =

Close
Please support the site
By clicking any of these buttons you help our site to get better
Social PopUP by SumoMe
Copy Protected by Chetan's WP-Copyprotect.