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BOC–Port Subic exceeds June target collection by over 50%

By Ruben Veloria

July 5, 2022, 5:56 pm

SUBIC BAY FREEPORT – The Bureau of Customs (BOC)-Port of Subic again surpassed its target monthly collection by over 50 percent in June, the highest achievement so far this year.

Customs District Collector Maritess Martin said on Tuesday her office collected a total of PHP5,208,110,657.38 last month, which is 54 percent or PHP1,1827,161,657.38 higher than its target collection of PHP3,380,949,000.

Martin said that the figure is another record-breaking revenue collection for the Port of Subic which continuously shows excellent performance by surpassing its target collection almost every month.

In May this year, she said the BOC-Port of Subic, exceeded its collection target by 12.93% representing PHP441 million after posting an actual collection of PHP3,851,945,030.60 as against the PHP3,410,903,000 monthly target.

Martin said the collection performance is attributed to the improved valuation, intensified enforcement against illegal trade and importations, and improved compliance by traders to customs laws, rules, and regulations.

She added that the BOC-Port of Subic will further enhance its revenue collection efforts to hit its monthly collection target. (PNA)

 

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