The Bureau of Customs posted a revenue surplus collection of P 2.326 billion for the month of August, up by 4.7 percent compared to the same period of the previous year.
Customs Commissioner Isidro Lapeña said the agency’s performance remains consistent as it has exceeded target for seven consecutive months.
“The bureau’s revenue collection for August reached P51.739 billion up by 4.7 percent versus its collection target of P49.31 billion,” Lapena said.
Preliminary data from the agency’s Financial Service show 15 collection districts to have significantly contributed to this positive revenue collection performance and these are Port of Batangas collected P12.716 billion, up 11.2% or P1.276 billion; Port of Manila collected P7.810 billion, up 5.1% or P382 million, Port of Limay collected P3.435 billion, up 14.2% or P428 million; Port of NAIA collected P3.106 billion, up 0.2% or P6 million; Port of Cebu collected P2.513 billion, up 12.9% or P286 million; Port of Davao collected P2.401 billion, up 51.4% or P815 million; and Port of Cagayan de Oro collected P1.913 billion, up 37.1 % or P517 million.
The ports also met its target were Port of San Fernando collected P397 million, up 47% or P127 million; Port of Iloilo collected P378 million, up 41.1% or P110 million; Port of Clark collected P147 million, up 13.1% or P17 million; Port of Tacloban collected P102 million, up 363.4% or P80 million; Port of Legaspi collected P33 million; up 40% or P9.5 million; Port of Zamboanga collected P24 million, up 1.2% or P300,000; Port of Aparri collected P7 million, up 43.7% or P2 million; and Port of Surigao collected P2 million, up 46.6% or P700,000.
However, Lapeña said that Manila International Container Port and the Port of Subic with a total collection of P14.782 billion and P1.478 billion respectively did not reach their assigned target.
He said the August collection is 35.1 percent higher than the P38.289 billion collection in the same period last year.
The bureau’s Financial Service cited the bureau’s consistent high revenue performance to the higher exchange rate, increased oil price in the market, proper valuation and strong enforcement and revenue enhancing measures.
In addition, the one-strike policy of the Commissioner motivated the ports to consistently hit their targets.
The BOC has so far collected a total of P384.3 billion revenue from January to August. This is 35 percent up against the P283.56 billion collection in 2017.
Last month, July, the bureau also surpassed its collection target by 4.1 percent, collecting more than P52.144 billion in revenue.