16 BOC ports exceed May collection target

THE Bureau of Customs has achieved revenue collection milestone as 16 out of the 17 ports were able to hit and exceed their collection targets for the month of May, accumulating a total of P52.601-billion in revenue.

Preliminary data from the BOC–Financial Service show that the bureau achieved 3.9 percent or P1.973-billion revenue surplus in May against the P50.628-billion target for the said period.

This is 32 percent up or P12.763-billion higher compared to last year's collection of P39.838-billion in the same period.

The increasing revenue surplus of the BOC is attributed to the enhanced revenue collection performance of the bureau’s 16 district ports: Port of Batangas posted P14.454 billion revenue, up by 23.3% or P2.733 billion; Port of Manila posted P8.083 billion revenue, up by 6.2% or P472 million; Port of Limay posted P3.462 billion revenue, up by 12.4% or P381 million; NAIA posted P3.155 billion revenue, up by 5.2% or P155 million; Port of Cebu posted P2.395 billion revenue, up by 5% or P114 million; Port of Davao posted P1.936 billion revenue, up by 19.2% or P311 million; Port of Cagayan de Oro posted P1.866 billion revenue, up by 30.5% or P436 million; Port of Subic posted P1.853 billion revenue, up by 1.7% or P31 million; Port of Iloilo posted P323 million revenue, up by 17.8% or P49 million; Port of San Fernando posted P298 million revenue, up by 7% or P21 million; Port of Clark posted P173 million revenue, up by 30.3% or P40 million; Port of Zamboanga posted P58 million revenue, up by 142.2% or P34 million; Port of Tacloban posted P47 million revenue, up by 102.4% or P24 million; Port of Legazpi posted P25 million revenue, up by 4% or P1 million; Port of Appari posted P16 million revenue, up by 213.6% or P11 million; and Port of Surigao posted P2.2 million revenue, up by 7.7% or P200 thousand.

Customs chief Isidro Lapeña said the improved revenue collection performance of the Bureau of Customs is also attributed to the increase in the volume of imports by 3.3% in May.

“The value of imports also grew by 17.8%. I will say this is because of the continuing application of correct valuation and tariff classification of goods,” Lapeña added.