The Philippine Bureau of Customs (BOC) collected revenues of P50.139 billion in June 2018, 4.9% higher than the P47.797-billion target for the month, and 41.6% more than the P35.417 billion it took in year-on-year, preliminary data from BOC’s Financial Service show.
This is the second time since May that 16 out of 17 BOC collection districts exceeded their monthly revenue targets, the BOC said in a statement.
The Manila International Container Port, the district with the highest revenue target of P14.738 billion, was the only district that fell short of its goal, collecting only P13.507 billion for the month. MICP also did not reach its collection target in May.
The 16 ports that surpassed their revenue targets are:
- Port of Batangas – took in P12.23 billion, up 10.5% or P1.16 billion;
- Port of Manila – P7.7 billion, up 7.2% or P515 million;
- Port of Limay – P3.806 billion, up 30.9% or P898 million;
- Port of NAIA – P3.24 billion, up 2.8% or P87 million;
- Port of Cebu – P2.44 billion, up 13.1% or P281 million;
- Port of Davao – P2.414 billion, up 57.4% or P880 million;
- Port of Cagayan de Oro – P1.925 billion, up 42.6% or P575 million;
- Port of Subic – P1.724 billion, up 0.2% or P4 million;
- Port of Iloilo – P399 million, up 53.9% or P140 million;
- Port of San Fernando – P336 million, up 28% or P74 million;
- Port of Clark –P160 million, up 26.7% or P34 million;
- Port of Tacloban – P137 million, up 553.9% or P116 million;
- Port of Zamboanga –P29 million, up 24.2% or P5.6 million;
- Port of Legazpi – P26 million, up 15% or P3.5 million;
- Port of Aparri – P7 million, up 80.8% or P3 million; and
- Port of Surigao – P3.5 million, up 76.1% or P1.5 million
Tacloban port last May had already reached its 2018 revenue target; this June, it generated P394 million, 47.57% up over its P267-million annual target.
BOC’s initial total accrued revenue from January to June 2018 has hit P280.33 billion, exceeding the P278.13 billion target by 0.8% or a revenue surplus of P2.2 billion by mid-2018.
The total accrued revenue in six months has exceeded by 50% the P598-billion target for the year, BOC noted.
“This achievement is attributed not only to the consistent diligence of all BOC ports in terms of collection but also to the continuing application of correct valuation and tariff classification of goods,” Customs Commissioner Isidro Lapeña said.
“Our strengthened campaign against illicit trade and our effort to improve our trade system have significantly increased the bureau’s revenue collection,” added Lapeña.
The Customs chief had earlier said he was optimistic BOC would achieve its 2018 revenue collection target of P598 billion.
Last month, the bureau posted a P2.12-billion revenue surplus or a total collection of P52.748 billion, as 16 of the 17 ports exceeded their collection targets.
