BOC says collection target surpassed in November

The Bureau of Customs exceeded its collection target of P36.450 billion by 12 percent in November, as revenue reached P40.239 billion.

The figure was 27 percent higher than the P29.061 billion collected a year earlier.
 
The bureau's Financial Services (BOC-FS) cited the positive trust rating of Customs Commissioner Nicanor Faeldon, cooperation of stakeholders, transparency in transactions, and efforts of traders in helping the BOC breach its revenue goal.
 
“In our outlook assessment report, the current collection record has exhibited a better leadership performance in the past five months covering July to November,” the BOC-FS said.

Out of the 17 BOC ports, the Manila International Container Port overshot by P1 billion its P10.367 billion target by collecting P11.362 billion.

The BOC's constant consultations with 11,000 importers, the general public, and social media on strategic cooperation to curb corruption and smuggling, has helped the bureau surpass its targets, Faeldon noted. — Ted Cordero/VS, GMA News