[av_one_full first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ padding=’0px’ border=” border_color=” radius=’0px’ background_color=” src=” background_position=’top left’ background_repeat=’no-repeat’ animation=”]
[av_heading heading=’Customs surpasses January target collection’ tag=’h3′ style=’blockquote modern-quote’ size=” subheading_active=’subheading_below’ subheading_size=’15’ padding=’10’ color=” custom_font=”]
By ADRIAN STEWART CO
[/av_heading]
[av_textblock size=” font_color=’custom’ color=’#0a0a0a’]
Tuesday, February 14, 2017
[/av_textblock]
[av_textblock size=” font_color=’custom’ color=’#0a0a0a’]
MANILA – The Bureau of Customs (BOC) on Monday said it has P35.745-billion revenue collection for the month of January, surpassing its revenue target of P35.509 billion.
Based on its preliminary report, the BOC’s Financial Service (FS) said the January collection is 101 percent more than its target. It is also 115-percent higher than the P31.08-billion collection in the same period last year.
“The amount in revenue collection for January 2017 could hit an outstanding sum in the final financial and revenue collection reports that will be released by the national treasury soon,” the FS said.
In a press statement, Commissioner Nicanor Faeldon credited the rise in their collections in line with the agency’s fiscal and administrative policies to the renewed trust and confidence of stakeholders on BOC.
“Our relentless consultations with all transacting publics, including that of BoC personnel, on continuous improvement of policy reforms and programs have built public trust that, in effect, created a conducive environment especially in transparent trade facilitation and in the work performance of our employees,” he said.
“From the beginning, we worked hard to accomplish our tasks, especially to improve revenue collections, stop corruption, and wipe out smuggling as inspired by our mandate and in compliance with the directives of President Duterte,” he added.
Faeldon also said the surplus in BOC’s revenue collection in January came from the outstanding performances of its 11 major ports namely Iloilo, San Fernando, Manila, Legaspi, Cebu, Tacloban, Cagayan de Oro, Zamboanga, Davao, Subic and Limay, which exceeded their income targets.
The Manila International Container Port (MICP), on the other hand, posted a promising performance of 99.1 percent and is seen to hit or surpass its P10.9-billion target once all collection records are consolidated in the final report by the Bureau of Treasury.
“We remain highly-optimistic that the MICP will bring on a 100-percent revenue collection performance and join the list as the 12th port that hit its revenue target for January 2017,” Faeldon added./PN
[/av_textblock]
[/av_one_full]
