‘…BOC chief attributed the collection surplus and early meeting of the target to the intensified collection effort of all the ports.

The Bureau of Customs (BOC) announced that the Port of Tacloban (POT) has already surpassed its collection target for the year with several months left before the end of 2018.

Customs Commissioner Isidro Lapeña lauded the officials and employees of said port for meeting their target this early, and for collecting P360 million, representing 34% or P95.99 million higher than their P207 million 2018 target.

“Port of Tacloban on June 11 has already collected their annual revenue target for 2018 as reported by District Collector Jose Naig,” Lapeña said in an interview during the inspection of the P4.5-million onions shipment seized at the Port of Manila (POM) Monday.

The BOC chief attributed the collection surplus and early meeting of the target to the intensified collection effort of all the ports.

“We just want to report in recognition of effort that even this early that this is the result of the intensified collection of our different ports, of course,” Lapeña said.

“Percentage distribution of our revenue collection and they were able to collect much more. Allocation for the whole year,” he explained.

For his part, Naig noted that many factors contributed to the surplus and early meeting of their collection target for 2018.

“The Port of Tacloban was able to hit its target for the whole year 2018 due to the increase of arrival of vessels; implementation of excise tax due to TRAIN (Tax Reform for Acceleration and Inclusion) especially on the importation of fuel and cement products; proper valuation and classification; and effective implementation of our action plan,” Naig said in a separate interview.

For this year, the port was assigned to collect P267 million, but as of June 11, their collection has already reached P362,996,380.96.

The POT official also reported that among their top imported commodities were gasoline, diesel, liquefied petroleum gasoline, and cement.

Last month, the BOC posted 3.9 percent or P1.973 billion surplus in its collection over the P50.628 billion target for the said period.

The figure is 32% up or P12.763 billion higher compared to last year’s collection of P39.838 billion in the same period.

Earlier, the bureau reported that more than P230.18 billion revenue had been collected from January to May 2018. PNA

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