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Thursday, May 01, 2008

 

BOC to form new collection district to prepare for investment surge in Cagayan ecozone

 
THE Bureau of Customs (BOC) plans to make Port of Liway in Bataan a separate collection district from Aparri in Cagayan due to projected influx of investors in the Cagayan Economic Zone Authority (CEZA).

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

“We are anticipating influx of investors in CEZA, and we will try to plug all smuggling loopholes,” Morales told reporters, adding Customs will issue a memorandum order next month, although an executive order has yet to be issued.

The BOC has 15 collection districts across the Philippines, which all expressed confidence they would meet the bureau’s full year target of P254.4 billion.

Major contributors to the BOC’s 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.

BOC districts with less than a billion-peso collection goal this year are Clark, Zamboanga, Surigao, Tacloban, Iloilo, and Legazpi.
-- Chino S. Leyco

  
 

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