BUSI­NESS! BOC posts record-break­ing Novem­ber rev­enue

Sun.Star Pampanga - - PERSPECTIVE! -

MANILA -- The Bu­reau of Cus­toms (BOC) posted PHP46.470 bil­lion rev­enues in Novem­ber, its high­est recorded monthly col­lec­tion.

Cus­toms Com­mis­sioner Isidro Lapena re­ported that five col­lec­tion dis­tricts were able to sur­pass their monthly tar­gets, namely, ports of Batan­gas, Davao, Ca­gayan de Oro, Clark and Ta­cloban.

Pre­lim­i­nary fig­ures of the bu­reau’s Fi­nan­cial Ser­vice re­vealed that the fol­low­ing ports achieved their monthly col­lec­tion tar­gets:

* Port of Batan­gas, with PHP13.339 bil­lion col­lec­tion, 18 per­cent higher than its PHP11.36 bil­lion rev­enue target;

* Port of Ta­cloban, with PHP59 mil­lion col­lec­tion, 177 per­cent jump from PHP21 mil­lion rev­enue goal;

* Port of Ca­gayan de Oro, with PHP1.273 bil­lion col­lec­tion, 1.1 per­cent hike from PHP1.259 bil­lion rev­enue goal;

* Port of Clark, with PHP149 mil­lion col­lec­tion, 6.6 per­cent higher than its PHP140 mil­lion rev­enue target; and

* Port of Davao, with PHP1.56 bil­lion col­lec­tion, 6.6 per­cent more than its Php1.464 bil­lion rev­enue target.

“We have been achiev­ing his­tor­i­cal col­lec­tion fig­ures since Septem­ber, but the lat­est Novem­ber col­lec­tion is re­ally a mile­stone for BOC, be­ing the high­est in the monthly col­lec­tion ever achieved by BOC. This, de­spite hav­ing only 19 work­ing days. I think we could have sur­passed our monthly target if Novem­ber has the usual num­ber of work­ing days,” Lapena said in a state­ment.

He at­trib­uted last month’s ef­fi­cient col­lec­tion to the in­crease in the vol­ume of im­por­ta­tion by 7.9 per­cent com­pared to last year’s vol­ume of the same pe­riod, in­crease in oil prices and also from the “no tara pol­icy” strictly be­ing en­forced,

Lapena added that auc­tion pro­ceeds, a non-tra­di­tional source of rev­enue, also con­trib­uted sig­nif­i­cantly to this lat­est col­lec­tion feat.

Ac­cord­ing to the data from the Port Op­er­a­tions Ser­vice, for the month of Novem­ber alone, to­tal pro­ceeds from auc­tion reached PHP62, 515, 119.12.

Mean­while, the to­tal pro­ceeds from auc­tions held in dif­fer­ent ports na­tion­wide from January to Novem­ber reached PHP256, 830,675.91.

The Cus­toms, thru the sub-port of Ili­gan, made a suc­cess­ful case set­tle­ment with First Na­tion­wide As­sur­ance Com­pany in the amount of PHP110 mil­lion, which was posted as part of last month's rev­enue. (PNA)

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