BOC BEATS 7-MO GOAL WITH P359.93-B TAKE

THE Bureau of Customs (BOC) collected P359.93 billion from January to July this year, breaching its target collection for the said period.

The bureau exceeded its P345.584-billion goal for the seven-month period by 4.2 percent.

The revenue collection from January to July this year was also 18.83 percent above its actual collection of P302.91 billion in the same period in 2020.

“Indeed, the bureau continues to prove the intensified collective efforts of all ports this year, not to mention, the improvement of the volume of importation while maintaining border security and trade facilitation,” the BOC said in a statement on Monday.

Despite the impact of the continuing logical restrictions forced by the Covid-19 pandemic, Customs also reported revenues amounting to P58.183 billion, or 8.2 percent higher than its P53.751-billion collection goal.

This was also a jump of 16.8 percent from last year’s P49.82 billion.

Fourteen of the 17 collection districts were able to hit their target, based on the preliminary report from the Boc-financial Service. These are the Ports of San Fernando, Manila, Naia (Ninoy Aquino International Airport), Batangas, Legaspi, Tacloban, Surigao, Cagayan de Oro, Zamboanga, Davao, Subic, Clark, Aparri and Limay.

The BOC is targeting to collect P616.7 billion this year. This is significantly higher by 21.84 percent than the downgraded target set for the BOC at P506.15 billion last year.

The bureau’s total revenue collection last year reached P539.8 billion, above its full-year revenue collection target by 6.6 percent.

The downgraded goal for BOC last year was a 30.76-percent cut from the original target of P731 billion.