THE Bureau of Customs (BOC) said its revenue collections from January to August rose by 4.24 percent year-on-year to P582.133 billion on the back of “enhanced” trade activities and “efficient” operations. The amount of revenues that the bureau collected was P23.678-billion, higher than the P558.455 billion it recorded in the…
THE Bureau of Customs said its revenue collections from January to August rose by 4.24 percent year-on-year to P582.133 billion on the back of “enhanced” trade activities and “efficient” operations.
Furthermore, the BOC said it has surpassed its mandated target collection for the January-to-August period of P567.740 billion by 2.54 percent or about P14.393 billion. “We will continue to monitor trade activities and implement measures to sustain this positive momentum in revenue collection, as part of the Bureau’s collaborative effort in further strengthening the nation’s financial standing,” Customs Commissioner Bienvenido Y. Rubio said.
Furthermore, the BOC pointed out that it has conducted 687 anti-smuggling operations with P31.118 billion worth of various smuggled goods being seized, the highest in the last five years.
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