THE Bureau of Customs (BOC) collected P54.05 billion in August, exceeding its goal for the month despite the logistical restrictions brought by the Covid-19 pandemic and its effects on the overall trade environment.
In a statement, the BOC said their revenue haul for the month was 1.86 percent higher than their P53.061-billion collection target.
This was also a 21.79-percent jump from its P44.38-billion revenue take in the same month a year ago.
Citing a preliminary report from the bureau’s Financial Service, six out of its 17 collection districts, namely, the ports of San Fernando, Port of Manila, Surigao, Davao, Clark and Limay, have hit their respective targets.
“The BOC’s positive revenue collection performance is attributed to the improved valuation and volume of importations, and the intensified collective efforts of all the ports to prevent revenue leakages and collect all lawful revenues,” it said on Wednesday.
According to the bureau, they have consistently exceeded their monthly revenue collection target since January this year.
To date, the BOC has so far collected P412.964 billion since January, surpassing its P398.645 billion collection goal for the eight-month period by 3.59 percent. This is also equivalent to 67 percent of its collection target this year of P616.749 billion.
The BOC’s collection from January to August this year was also up by 18.9 percent from P347.287 billion in the same period in 2020.
Last year, the bureau’s total revenue collection 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.
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