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Thursday, July 10, 2008

 

Port of Limay now Customs’ 
collection disctrict


THE Department of Finance has approved the creation of the Port of Limay in Bataan as the 16th collection district of the Bureau of Customs.

In an administrative order (AO), Finance Secretary Margarito Teves said the port, which will have jurisdiction over the entire province of Bataan except the Subic Bay Freeport Zone, will handle the bulk of Petron Corp.’s oil imports.

Petron services vital industries such as transport, manufacturing, shipping, and power generation in the country.

“The Port of Limay shall have Mariveles as its support of entry,” the AO document read.

Customs Commissioner Napoleon Morales said the Limay port will enhance the bureau’s revenue collection, trade facilitation and trade security, adding that President Arroyo wants it to be a district for crude importation.

Morales said the agency has asked the permission of the Department of Budget and Management to hire additional personnel for the port.

The government has allocated a portion of Customs’ budget for the computerization requirements in Limay.

Customs’15 other collection districts across the Philippines have expressed confidence they would meet the bureau’s full-year target of P254.4 billion.

Major contributors to the proceeds this year are the Port of Manila, which has the highest revenue target among all the districts with 33 percent to P84.4 billion of the target, followed by the Manila International Container Port with P64 billion, or 25.15 percent and the 22.37 percent to P58.9 billion of Batangas.

The Ninoy Aquino International Airport has to collect P18 billion to meet the 7-percent target this year, while TE has a target of P7.5 billion during the 12-month period.

Cebu is set to collect P5 billion; Subic, 4.78 billion; Surigao, P2.9 billion; and San Fernando, P1.1 billion.
--Chino S. Leyco

  
 

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Severino O. Frayna Jr., Benjie Dela Rosa
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