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Customs collections up

By Betheena Kae Unite

All but one port under the Bureau of Customs hit their respective revenue collection targets for the month of May, posting an overall P52.601-billion in revenue, the bureau bared yesterday.

The total collection, according to the bureau, is almost P2-billion higher than its projected collection for May.

Preliminary data from the Customs–Financial Service showed that the bureau achieved 3.9 percent or P1.973-billion revenue surplus against its P50.628-billion target with 16 of the 17 ports hitting their goals.

This is 32 percent or P12.763-billion higher compared to last year’s collection of P39.838-billion during the same period.

Customs Commissioner Isidro Lapena attributed the increasing revenue surplus of the bureau to the improved performance of the bureau’s 16 district ports.

Among the top performing ports are the Port of Batangas, P14.454 billion, up by 23.3 percent; Port of Manila, P8.083B, up by 6.2 percent; Port of Limay, P3.462B, up by 12.4 percent; NAIA, P3.155B, up by 5.2 percent; Port of Cebu, P2.395B, up by 5 percent; and Port of Davao, P1.936B, up by 19.2 percent.

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Written by Tempo Online

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