The Bureau of Customs (BOC) has achieved its collection target for the fifth consecutive month, exceeding the goal for October by 5.2 percent, the agency said in a statement yesterday.
The BOC reported it collected P50.9 billion in October, P2.5 billion higher than the target of P48.4 billion.
The agency said based on the preliminary report, seven out of the 17 collection districts exceeded their target for the month. These are the ports of Batangas, Manila, Zamboanga, Subic, Clark, Limay and Cebu.
Year-to-date, the BOC collected P448.95 billion, reflecting 88.7 percent of the revised 2020 target collection.
The Development Budget Coordination Committee has revised the collection goals of the BOC and the Bureau of Internal Revenue for the full year to account for the impact of the coronavirus pandemic in the economy.
The BOC is tasked to collect P506.15 billion for 2020, down from the previous estimate of P542 billion.
“The BOC’s positive revenue collection performance is attributed to the improved valuation and intensified collection efforts of all the ports, gradual improvement of importation volume and the government’s effort in ensuring unhampered movement of goods domestically and internationally considering the pandemic situation,” the agency said.
Meanwhile, the BOC also said in a separate statement yesterday the Manila International Container Port intercepted smuggled cigarettes with an estimated value of P60 million.
“On September 30, said goods were imported by Ocean World Enterprises and were declared as various items which included cartons, furniture and bags, among others,” the BOC said.
“Upon verification, it was found out that subject containers actually comprised 500 cases and 1,198 boxes of smuggled cigarettes from China with an estimated amount of P60 million,” it added.
Currently, the BOC is investigating 11 shipments on suspicion of illegal importation of cigarettes.
The importer will face charges, while other shipments of the importer are now subject for further investigation to ascertain if they are also in violation of customs laws, rules and regulations, the BOC said.