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BOC exceeds February collection goal by P1.188B

The Bureau of Customs (BOC) has surpassed its revenue target for February amid sustained collection efficiency efforts.

Citing its preliminary report, the BOC said it collected P63.015 billion last month, exceeding its collection target of P61.827 billion by P1.88 billion.

The Customs’ February revenue performance also surpassed the P59.433 billion collected in the same month last year by P3.583 billion.

Year-to-date, the BOC said its total revenues amounted to P133.380 billion, up by P8.641 billion from its target of P124.738 billion for the first two months of 2023.

"We will continue to innovate and implement sustainable reforms to boost the Bureau's collection efficiency, which will contribute to the expansion and recovery of our national economy," said Customs Commissioner Bienvenido Rubio.

"For this to be possible, we will also prioritize fostering a healthier trade environment through enhanced and modernized mechanisms for efficient trade facilitation and improved Customs operations for all our stakeholders," added Rubio. —VAL, GMA Integrated News