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BoC collects P630B in 2019

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The Bureau of Customs (BoC) reported P630.47-billion in collections to hit 95.4 percent of its target collection of P661.04 billion, based on the BOC-Financial Service preliminary report.

The BoC’s collection of P630.47 billion in 2019 posted a 6.3 percent growth or an increase of P37 billion compared to its 2018 revenue collection of P593-billion.

BoC data showed that nine out of 17 Revenue Districts have reached their annual targets which are the Port of Limay with P56.332-billion revenue; Port of Cagayan de Oro with P34.540-billion revenue; Port of Subic with P32.373-billion revenue; Port of San Fernando with P4.237-billion revenue; Port of Iloilo with P3.406-billion revenue; Port of Tacloban with P1.425-billion revenue;

Port of Zamboanga with P545-million revenue; Port of Legaspi with P510.26-million revenue and Port of Aparri with P146.72-million revenue.

Top 3 in collections

Although falling short of their targets for 2019, the Manila International Container Port, Port of Batangas and Port of Manila have collected the highest revenues with P164.404 billion, P152.222 billion and P74.812 billion, respectively.

Moreover, the Port of NAIA had collected P43.238 billion, Port of Cebu collected P31.274-billion, Port of Davao collected P27.986-billion, Port of Clark collected P1.94-billion and Port of Surigao collected P19.43 million.

Innovation is key

The Bureau’s effort to institute systems innovation, such as the Goods Declaration Verification System and the National Value Verification System, also helped the agency sustain its collection in 2019.

During the celebration of the 118th founding anniversary of the BoC Department of Finance Secretary Carlos Dominguez lauded the BoC for its improved revenue collection to fund infrastructure, healthcare and education programs.

Meanwhile, BoC Commissioner Rey Leonardo Guerrero thanked the men and women of the agency as well as its partner agencies for their continued support and cooperation which allowed the BoC to achieve its targets and initiate programs geared towards improving efficiency and optimizing operations for better trade and collections.

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