PH Customs overshoots Q1 target collection by 0.6%

PH Customs overshoots Q1 target collection by 0.6%

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The Philippine Bureau of Customs (BOC) collected P104.9 billion in revenue for the first quarter of the year, up 0.6% from its target of P104.28 billion.

The latest figure was also 15.6% higher than its P90.752 billion actual collection (as of April 25) during the same period last year, according to BOC’s Financial Service.

In a statement, BOC said 10 of the 17 collection districts exceeded their revenue target from January to March 2017, with the ports of Zamboanga and Legazpi overshooting their targets the most by 132.6% and 157.3%, respectively.

The Port of Zamboanga collected P124.4 million in the first quarter of 2017 against its P53.5-million target while the Port of Legazpi reported P151.6 million vis-a-vis its target of P58.9 million.

Other ports that excelled were Limay, Subic, Davao, Iloilo, Clark, and Cagayan de Oro.

The Port of Limay recorded collections of P6.859 billion, up 4% from its P6.828-billion target.

The Port of Cagayan de Oro took in P3.047 billion, 16% higher than its goal of P2.624 billion.

Subic port’s collection grew 16.2% to P4.271 billion compared with its P3.677-billion target.

The Port of Davao recorded P3.648 billion, exceeding by 15.8% its target of P3.151 billion.

Other ports that beat their target collections were the ports of Iloilo, P677.3 million or 16.8% higher than its P579.8-million target; Clark, P349.1 million or 14.6% more than the P304.7-million target; San Fernando, P749.4 million, 39% higher than its P539.2-million target; and Tacloban, P61.7 million, 20.4% higher than its goal of P51.3 million.

The Port of Manila and the Manila International Container Port posted collections of P16.088 billion and P31.947 billion, respectively. These figures were near the ports’ targets, BOC noted.

Image courtesy of patpitchaya at FreeDigitalPhotos.net

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