BOC exceeds revenue target in February, hits P43.6-B


An improved revenue collection from Manila International Container Port (MICP), Port of Manila (POM) and Port of Batangas attributed to 41.5% higher collection compared to last year. February 2018 revenue collection hits Php 43.67 Billion exceeding its target by 2 Billion.
MICP generated Php 13.438 Billion revenue, 4.49% higher than the Php 12.861 Billion target with a revenue surplus of Php 577 Million. POM registered a 4.1% increase in Php 6.529 Billion revenue and a Php 259 Million revenue surplus. Meanwhile, a 3.4% increase is generated by Port of Batangas with Php 9.982 Billion revenue collection and a Php 326 Million revenue surplus.
Bureau of Customs Chief, Isidro Lapeña expressed his confidence that the bureau can achieve its collection target of Php 598 Billion this year.

“Majority or 14 out of the 17 ports of the Bureau of Customs exceeded their collection target for the month and this is mainly because of the intensive campaign against corruption and smuggling,” said Lapeña.

The other 10 ports that also displayed excellent revenue collection includes:

Port of Limay with P2.544 Billion, 2% higher than the P2.538 Billion revenue goal.

Port of Cebu with P2.084 Billion, 10.9% higher than the P1.879 Billion revenue goal;

Port of Cagayan de Oro with P1.668 Billion, or 41.6% higher than the P1.178 Billion revenue goal;

Port of Subic with P1.509 Billion, or 0.5% higher than the P1.501 Billion revenue goal;

Port of Iloilo, with P373 Million, or 65% higher than the P226 Million revenue goal;

Port of San Fernando with P293 Million, or 28% higher than the P228 Million revenue goal;

Port of Clark with P142 Million, or 29.1% higher than the P110 Million revenue goal;

Port of Tacloban with P81 Million, or 324.6% higher than the P19 Million revenue goal;

Port of Legaspi with P53 Million, or 166.9% higher than the P20 Million revenue goal; and

Port of Aparri with P27 Million, or 579.6% higher than the P4 Million revenue goal;

The Port of Davao, among others, is also conspicuous for its consistency in 2017 and continues to perform very well in the first 2 months this year. Its February revenue collection reached a 54.4% increase in revenue amounting to Php 2.067 Billion.

As the year started, BOC is constantly on the lookout for any attempts of smuggling with a strong motivation to fight corruption.

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Source:  customs.gov.ph

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