BOC-PORT OF CEBU COLLECTS P3.48 BILLION IN OCTOBER; SURPASSES COLLECTION TARGET BY P174.96 MILLION

BOC-PORT OF CEBU COLLECTS P3.48 BILLION IN OCTOBER; SURPASSES COLLECTION TARGET BY P174.96 MILLION

By Junex Doronio
November 3, 2022

CEBU CITY — The Bureau of Customs under District Collector Charlito Martin Mendoza exceeded its collection target again for the tenth straight month.

With a total revenue collection of P3.48 Billion for October, the Bureau of Customs-Port of Cebu has surpassed its P3.304 Billion target for the month by P174.96 Million, or 5.30% compared to last year’s collection for the same month.

Notably, this 10-month streak of beating monthly targets brings the Port of Cebu’s total revenues for 2022 to P36.053 Billion and now banks a Php 4.49 Billion surplus for the year.

It can further be noted that this October 2022 collection was P558 Million higher than last year and reflected an almost 20% growth.

Last September, the BOC Port of Cebu collected total revenues of P4,489,290,000.00, surpassing the month’s target by P1.134 Billion or 33.81%.

This was the Port’s highest monthly revenue record anew and reflected a Php 1.7 Billion or 59.43% year-on-year growth.

Mendoza noted that since the start of 2022, the Port of Cebu has a total running collection of P32.574 Billion with a surplus of P4.314 Billion or 15.26%.

He attributed the superb collection performance to the dedication and active participation of the Port’s personnel in the Bureau of Customs’ reform programs.

Mendoza said that with only a little over P5 Billion left in its annual collection target, the BOC Port of Cebu is well on track to deliver a sizeable collection surplus to the national treasury by yearend.

He noted that with the guidance of Commissioner Yogi Filemon Ruiz, the Port of Cebu continues to strengthen its revenue collection performance while pushing for the Bureau’s other priority programs.

(AI/MTVN)

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