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16 June 2024, 16:00 PM

BOC collects P534 MILLION additional revenues through Post Clearance Audit in 1st Quarter of 2022

April 10, 2022

In its bid to collect additional lawful revenues through post clearance audit, the Bureau of Customs through the Post Clearance Audit Group (PCAG) reports its 1st quarter accomplishment on additional revenue collections for the period January to March 2022.

In its report, the PCAG highlighted its successful collection of additional revenues from January to March 2022 amounting to P498,881,807.90 from the 39 Prior Disclosure Program (PDP) Applications and P35,410,355.15 as part of the 59 Audit Notice Letters (ANL) issued. To date, the group managed to collect a running total additional revenue of P534,292,163.05.

Furthermore, the BOC is expecting to collect additional revenues in the total amount of Php 12.932 billion from the enforcement of 54 demand letters arising from post clearance audits conducted in 2019, 2020, and 2021 which have become final and executory for failure of the audited importers to contest the same.

The BOC under the leadership of Commissioner Rey Leonardo B. Guerrero and the PCAG headed by Assistant Commissioner Vincent Philip C. Maronilla, shall remain consistent in its mandate of revenue collection through post clearance audit where additional revenues are generated, especially at this time when the country gradually recovers from the impact of COVID-19.

Republic of the Philippines

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