THE Bureau of Customs on Tuesday expressed confidence that the agency will overshoot the P409- billion revenue target this 2016 after getting higher import volumes and bigger importation efforts.
“It’s very likely to exceed. That’s what we expect,” Customs acting spokesman for enforcement and intelligence operations Neil Estrella said in a Palace press briefing.
As of the first half of December, the BoC is already at 93.3 percent of the P409-billion target for the whole year, citing the higher revenue collection performance this month when they exceeded their goal by more than P3 billion.
“Our momentum was not lost. It is continuous unlike the previous years when we saw a drop in revenues during November and December,” the Customs official added.
For the first half of December, the BoC has already collected more than P19.947 billion, accounts to 57 percent of the P35.116 billion assessed target for the last month of the year.