The Bureau of Customs (BOC) recorded a double-digit growth on its revenue collections for the month of September but fell short of its target.
Data for the Department of Finance showed that Customs revenue collections for the month reached P25.84 billion, or an 11.3 percent increase compared to the same month in 2012.
For the first nine months of 2013, Customs collected a total of P224.45 billion, up 5.1 percent from the same period last year.
However, the BOC’s collections fell 11.8 percent short of its P29.17 billion target for the month and down by 10.3 percent from January to September 2013.
The data also reported that the Manila International Container Port (MICP), Port of Manila, and Batangas Port generated P147.77 billion for the first nine months of 2013. To date, only eight of the Custom’s 17 ports nationwide are on-track to meet their 2013 targets, it added.
The Inter-agency Development Budget Coordination Committee (DBCC) has set a collection target of P30.51 billion for the bureau for the month of October, while for the full year 2013, the BOC is tasked to collect P340 billion.
“Our growth momentum looks promising. From preliminary reports, we are poised to hit our internal revenue collection milestone of P300 billion in October. We will be within striking distance of the collection target set by the DBCC. Our personnel at the BOC continue to perform despite the organizational changes that have occurred in the past weeks,” Customs Commissioner Rozzano Rufino Biazon said.
Biazon also expressed confidence that the bureau will catch-up in the last quarter of 2013, as seasonal import increases and operational efficiencies are implemented.