MANILA -- The Bureau of Customs (BOC) made another revenue feat for April as it hit above its collection target by 2 percent.
Based on the preliminary data released by BOC-Financial Service, a total of PHP47.394 billion has been collected in April with P930 million in revenue surplus against the collection target of P46.464 billion.
This is 50.4 percent higher than the PHP31.503 billion collection for the same period in 2017.
The BOC said that 14 collections districts have significantly contributed to this positive collection performance. These ports are:
Port of Batangas collected PHP11.905 billion, up by 10.7 percent against the PHP10.758 billion target;
Port of Manila collected PHP7.418 billion, up by 6.2 percent against the PHP6.985 billion target;
Port of Limay collected PHP2.920 billion, up by 3.3 percent against the PHP2.827 billion target;
Port of Cebu collected PHP2.177 billion, up by 4 percent against the PHP2.094 billion target;
Port of Davao collected PHP1.807 billion, up by 21.2 percent against the PHP1.491 billion target;
Port of Subic collected PHP1.683 billion, up by 0.6 percent against the PHP1.672 billion target;
Port of Cagayan de Oro collected PHP1.619 billion, up by 23.4 percent against the PHP1.312 billion target;
Port of Iloilo collected PHP308 million, up by 22.3 percent against the PHP252 million target;
Port of San Fernando collected PHP261 million, up by 3 percent against the PHP254 million target;
Port of Clark collected PHP166 million, up by 35.7 percent against the PHP122 million target;
Port of Tacloban collected PHP27 million, up by 28 percent against the PHP21 million target;
Port of Zamboanga collected PHP24 million, up by 7.9 percent against the PHP22 million target;
Port of Aparri collected PHP8 million, up by 91.2 percent against the PHP4 million target; and
Port of Surigao collected PHP3 million, up by 227.5 percent against the PHP1 million target.
Customs chief Isidro Lapeña said that the enhanced revenue collection performance is attributed to the improved and correct valuation and tariff classification being implemented on the ground.
Lapeña added that the Bureau generated higher excise tax this month due to the effective implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law.
BOC-Financial Service also reported that volume and value of imports are comparably higher than last year of the same period.
The increase in oil price and the peso-dollar exchange ratio also contributed to the increased April revenue of the BOC.
Meanwhile, these are the ports which were unable to hit their respective monthly targets:
Manila International Container Port collected PHP13.450 billion, 6.1 percent lower than the PHP14.328 billion target;
Ninoy Aquino International Airport collected PHP3.482 billion, 19 percent lower than the PHP4.299 billion target; and
Port of Legazpi collected PHP15 million, 33 percent lower than the PHP22 million target.
The Bureau has consistently improved its performance for three consecutive months from February to April amounting to more than PHP3-billion revenue surplus.
“I always tell the Bureau officials and employees, we can hit the target every month. We only just have to apply the correct valuation and collect what is due the government. I think we can continue this trend until December,"Lapeña said. (PR)
