BOC exceeds March goal

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    Consistent. BOC collected P55 billion in March with 13 of the 17 collection districts exceeded their targets.

    BOC collected P55 billion in March with 13 of the 17 collection districts exceeded their targets.

    The Bureau of Customs (BOC) has collected P54.5 billion in March, exceeding by 14.2 percent the P47.7- billion target for the month

    “The P54.5 billion March collection against the P47.7 billion March collection target continues to highlight the Bureau’s consistent and positive monthly collection for the third month in 2021. Notably, this year’s March collection is higher than the P44.6 billion March 2020 actual collection by 22.1 percent or P9.8 billion,” the agency said.

    The BOC said 13 of the 17 collection districts exceeded their target for the month — the Port of San Fernando, Port of NAIA, Port of Batangas, Port of Iloilo, Port of Cebu, Port of Tacloban, Port of Surigao, Port of Cagayan De Oro, Port of Zamboanga, Port of Davao, Port Subic, Port of Clark, and Port of Limay.

    “For the period of January 1, 2021 to March 31, 2021, the BOC collected P148 billion surpassing its target by 10.5 percent or P14 billion against the P134.0 billion collection target (January to March 2021). Moreover, the cumulative actual collection is higher by 1.9 percent or P2.7 billion compared to the P145.3 billion collection in January-March 2020,” it said.

    “The BOC’s positive revenue collection performance is attributed to the improved valuation and intensified collection efforts of all the ports. Despite this, the bureau maintains its border security measures against undervaluation, misdeclaration and other forms of technical smuggling and collect lawful revenues,” it added. Ruelle Castro