Monday, October 25, 2021
HomeCustoms & TradeBOC March collection surpasses target by 14%

BOC March collection surpasses target by 14%

  • The Bureau of Customs collected P54.5 billion in March 2021, 14.2% more than its monthly target of P47.7 billion
  • The March collection is also 22.1% higher than the year-on-year P44.6-billion actual revenue, and is the third consecutive month the target has been hit
  • Thirteen of 17 BOC collection districts exceeded their March goals
  • BOC collected P148 billion in the first quarter, surpassing its P134-billion target by 10.5%

The Bureau of Customs (BOC) collected P54.5 billion in March 2021, 14.2% more than its P47.7-billion target for the month.

The March collection is also 22.1% higher than the actual collection of P44.6 billion posted in March 2020, and is the third consecutive month the agency has hit it target, BOC said in a statement.

For the first quarter of 2021, BOC likewise surpassed its P134-billion target by 10.5%, taking in P148 billion.

Moreover, the cumulative actual collection is higher by 1.9% or P2.7 billion compared to P145.3 billion in the first quarter of last year.

BOC attributed its positive performance to “improved valuation and intensified collection efforts of all the ports.”

According to the preliminary report, 13 of the 17 BOC collection districts exceeded their March goals: San Fernando, Ninoy Aquino International Airport, Batangas, Iloilo, Cebu, Tacloban, Surigao, Cagayan de Oro, Zamboanga, Davao, Subic, Clark, and Limay.

For 2021, BOC is tasked to collect P616.7 billion, 22% more than the 2020 revised target of P506.150 billion and 14% higher than last year’s P539.660-billion actual collection.

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