BOC exceeds March revenue target

MAJORITY of the ports exceeded their collection target for March contributing to the 0.6 percent increase in the revenue performance of the Bureau of Customs.

“Based on the initial report from the BOC Financial Service, a total of P45.398 billion revenue was collected, exceeding the P45.133 billion target for the month of March by P265 million,” Commissioner Isidro S. Lapena said.

Data showed that despite the two non-working holidays in March, majority or 12 ports maintained and exceeded their revenue collection for the month: Batangas port collected P11.542 billion in revenue, 10.5 percent up against the P10.449 billion target; Limay port collected P2.896 billion in revenue, 5.5 percent up against the P2.746 billion target; Cebu port collected P2.189 billion in revenue, 7.6 percent up against the P2.034 billion target; Davao port collected P1.755 billion in revenue, 21.1 percent up against the P1.449 billion target; Subic port collected P1.655 billion in revenue, 1.9 percent up against the P1.624 billion target; Cagayan de Oro port collected P1.625 billion in revenue, 27.4 percent up against the P1.275 billion target; San Fernando port collected P278 million in revenue, 13 percent up against the P247 million target; Clark port collected P154 million in revenue, 29.8 percent up against the P119 million target; Tacloban port collected P68 million in revenue, 241.6 percent up against the P20 million target; Legaspi port collected P22.10 million in revenue, 0.5 percent up against the P22 million target; Surigao port collected P4 million in revenue, 262.7 percent up against the P1 million target; and

Aparri port collected P6 million in revenue, 37.5 percent up against the P4 million target.

This year’s collection is P7.286 billion or 19.1 percent higher compared to the P38.11 billion collection in the same period last year.

Meanwhile, the ports which failed to hit the target are: Manila port, which collected P5.776 billion in revenue, 14.9 percent lower than the

P6.785 billion target; Manila International Container Port collected P12.625 billion in revenue, 9.28 percent lower than the P13.917 billion target; Ninoy Aquino International Airport collected P3.094 billion in revenue, 25.9 percent lower than the P4.175 billion target; Iloilo port collected P176 million in revenue, 27.8 percent lower than the P244 million target; and Zamboanga port collected P700,000 in revenue, 96 percent lower than the P21 million target.

While these five ports did not meet the target, Lapena still recognized their contributions to the overall revenue collection of the agency.

Following this development, the district collectors of these ports and others concerned will be eventually replaced in compliance to the earlier directive that district collectors, deputy collectors for assessment, chief of Formal Entry Division, examiners, appraisers, and other BOC personnel performing assessment functions will be relieved.

Lapena commended all the top performing ports and encouraged all ports to be on board and double its collection efforts to hit the target until end of the year.