BOC sustains revenue growth, January collection up 5.5%

The Bureau of Customs (BOC) surpassed its collection target in January 2019 posting a total of P48.153 billion with a surplus of 2.527 or 5.5 percent increase above its P45.626 billion goal.

BOC maintains the growth momentum seen since last year, on the back of continued process improvements being implemented by Customs Commissioner Rey Leonardo Guerrero such as tighter watch over imports and import values of goods.

Based on preliminary report of the Bureau of Treasury, revenues generated by the BOC in January were derived mostly from cash collection,

which refers to duties, taxes and fees collected from goods that entered through the customs ports nat i onw i de.

The January 2019 collection is up 17.9 percent or an increase of 7.322 billion compared from the same period last year for which the bureau collected 40.830 billion.

Commissioner Guerrero has said that far more aggressive reforms will be implemented over the next months. These include automation to improve the Bureau’s processes, enhancement of cargo clearance and examination capabilities and strengthening of institutional and individual capabilities in the area of intelligence and enforcement, which are part of his 10 point reform plan for 2019.

— BOC-PIAD