BoC exceeds target by 12%

THE Bureau of Customs on Friday said it has surpassed its collection target for the month of November 2016 by as much as 12 percent.

Customs Commissioner Nicanor E. Faeldon reported that the bureau  has collected P40.239 billion at the end of November 2016 exceeding the P36.450-billion revenue target for the same period set by the Development Budget Coordination Committee.

The BoC’s Financial Service also said that the P40.239 billion is 27 percent higher than the P29.061-billion collection posted for the same month last year