Business

𝗕𝗢𝗖 𝗵𝗶𝘁𝘀 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝗰𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻 𝘁𝗮𝗿𝗴𝗲𝘁 𝗶𝗻 𝗝𝘂𝗻𝗲 𝗮𝘀 𝗶𝗺𝗽𝗼𝗿𝘁 𝘃𝗼𝗹𝘂𝗺𝗲 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝘀

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Despite the effects of Coronavirus Disease 2019 to the overall trading environment and a stringent community quarantine, the Bureau of Customs (BOC) was able to surpass its June 2020 collection target by 4.4% or P1.8 billion. The BOC collected P42.539 billion against its target of P40.739 billion in June.

Based on the preliminary report from the BOC-Financial Service, eleven of the seventeen collection districts were able to hit their respective targets, namely: the Port of San Fernando La Union, Port of Legaspi, Port of Cebu, Port of Tacloban, Port of Cagayan De Oro, Port of Zamboanga, Port of Davao, Port of Subic, Port of Clark, Port of Aparri, and Port of Limay

The BOC’s positive revenue collection performance is the result of intensified collective effort of all ports and the gradually improving volume of importation. It can also be attributed to the governments effort in ensuring unhampered movement of goods domestically and internationally considering the pandemic situation.

Despite this performance, the Bureau still maintained its enhanced control measures against undervaluation, misdeclaration and other forms of technical smuggling to protect our borders and collect lawful revenues.

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Commissioner Rey Leonardo Guerrero commended the collective effort of the men and women of the Bureau of Customs who, despite the risk to their health and safety, showed their unwavering commitment and dedication to service. (Bureau of Customs PH)