Major BoC ports fail to hit revenue targets

October 10, 2019

THE top revenue collection districts of the Bureau of Customs (BoC) failed to meet revenue targets for September, with only 10 out of its 17 collection districts managing to meet or surpass their assigned targets.

However, the BoC, in a statement, noted that last month’s collection of P59.209 billion was still higher by more than P6.8 billion compared to the more than P52.42 billion collection for the same period last year.

According to the bureau’s ‘Statistical Analysis Division’ (SAD), the growth in revenue was “due to increase in the volume of importation, higher collection as a result of the Tax Reform for Acceleration and Inclusion (TRAIN) Law, Rice Tariffication Law and the National Food Authority (NFA) tax expenditure collection.”

Among the performing ports are the collection districts of Limay (P5.065 billion); Cagayan de Oro (P3.197 billion); and, Subic (P3.107 billion), which also registered a surplus of more than P700 million.

Other ports that were able to surpass their revenue goal, according to SAD are, the Ports of San Fernando, La Union (P333.25 million), Iloilo (P257.38 million), Tacloban (P145 million), Surigao (P4 million), Zamboanga (P26.81 million) and Aparri (P13.53 million).

Meanwhile, the Ports of Batangas and the Manila International Container Port, although missing their targets for the month, collected the highest revenues with P15.514 billion and P14.634 billion, respectively.

Moreover, P5.667 billion revenue was collected in the Port of Manila, P3.745 billion in NAIA, P2.598 billion in Cebu, P1.997 billion in Davao, P13.56 million in Legaspi, and P187.83 million in Clark.