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Thursday, May 08, 2008

 

Customs exceeds April revenue goal

 
AFTER a negative performance in January to March, the Bureau of Customs (BOC) announced Wednesday it exceeded its collection target for April.

In a statement, Customs Commissioner Napoleon Morales said the bureau surpassed its collection goal for April by P30 million to reach P21.76 billion, breaking a negative first-quarter performance.

Morales said the revenues collected in April were higher by P4.56 billion or 26.5 percent than the collection in the same month last year.

The bureau’s preliminary reports show eight ports had surpassed their individual targets, led by the Ninoy Aquino International Airport with a surplus of P348 million, followed by Cagayan de Oro with P113 million, Cebu with P60 million and San Fernando with P57 million. The Manila International Container Port, Legazpi, Davao and Clark marginally exceeded their targets by P7.5 million, P0.5 million, P0.4 million and P1.4 million, respectively.

The seven district ports that fell short of target included the major port of Manila, down by P1.65 billion, and the “oil port” of Batangas, by P862 million.

The other ports that missed the targets were Iloilo, by P1.6 million; Tacloban, by P9.7 million; Surigao, by P4.3 million; Zamboanga, by P2 million, and Subic, by P91 million.

Cumulative collections for the first four months of the year reached P70.64 billion, up 23 percent or P13.22 billion from last year’s January to April performance but still short of the P73.48-billion target for the period by P2.84 billion or 3.9 percent.

Morales said the positive performance in April would trigger the start of positive collections and higher monthly surpluses for the rest of the year and enable BOC to recover the shortfall incurred in the first quarter.

“I monitor daily collections of the ports to make sure they are on track in reaching targets. Only vigilance in enforcement and efficiency in collection could sustain positive revenue collections and hit the year-end target,” Morales said.

The Bureau of Customs, the government’s second largest revenue collection agency, is tasked to collect P254.47 billion for the whole year.
-- Chino S. Leyco

  
 

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