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Philippine Standard Time:
19 April 2024, 07:52 AM

BOC Collects P837-M Add’l Revenue thru Post-Clearance Audit in Q2 2022

July 18, 2022

In its bid to collect additional lawful revenues through post clearance audit, the Bureau of Customs (BOC), through the Post Clearance Audit Group (PCAG), reports its semi-annual accomplishment on additional revenue collections for January to June 2022.

The latest report of PCAG highlighted its successful collection of P683,956,393.99 additional revenues in the first half of 2022 from the 64 Prior Disclosure Program (PDP) Applications and P154,013,196.87 as part of the 121 Audit Notice Letters (ANL) issued for the same period. In total, BOC-PCAG managed to collect P837,969,590.80 total additional revenue.

Furthermore, the Bureau is expecting an additional collection in the total amount of P13.647 billion from the enforcement of 67 demand letters — arising from post-clearance audits conducted in 2019, 2020, and 2021 — which have become final and executory for the failure of the audited importers to contest the same.

The BOC, under the leadership of Commissioner Rey Leonardo B. Guerrero, will continue to plug revenue leakages and promote compliance of importers to Customs laws through consistent post-clearance audit verifications and investigations.

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