MANILA – In a remarkable achievement, the Bureau of Customs (BOC) surpassed its collection target for September by PHP 2.78 billion.
According to data released on Wednesday, the bureau’s total collection for the past month reached PHP 79.22 billion, marking a 3.6 percent increase from its PHP 76.44 billion target for the month.
Furthermore, the BOC also exceeded its revenue target for the period spanning January to September, accumulating a total of PHP 660.72 billion. This represents a 2.57 percent increase when compared to the PHP 644.18 billion target set for the nine-month period.
Commissioner Bienvenido Rubio credited this remarkable collection performance to efficient customs operations, heightened trade activity, and rigorous revenue collection initiatives.
Additionally, Commissioner Rubio reported the successful outcome of 730 anti-smuggling operations, leading to the confiscation of smuggled goods valued at PHP 35.96 billion.
Simultaneously, Rubio highlighted the recent collaboration between the Bureau of Customs, the Department of Trade and Industry, the Strategic Trade Management Office, and ARISE Plus Philippines. This partnership aims to streamline customs procedures and enhance trade competitiveness.
(ai/mnm)
