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Philippine Standard Time:
22 June 2024, 05:23 AM

BOC surpasses February target collection by +17.4% or P9 BILLION

March 1, 2022

Consistent with its mandate to collect lawful revenues for the country, the Bureau of Customs surpassed its February 2022 target collection by 17.4% or P8.734 billion, with an actual collection of P59.036 B against the P50.302B target collection.

Based on the preliminary report from the BOC-Financial Service, 14 of the seventeen collection districts exceeded their target for the month; Port of San Fernando, POM, MICP, Batangas, Iloilo, Cebu, Tacloban, Cagayan de Oro, Zamboanga, Davao, Subic, Clark, Aparri, and LImay

As of date, the Bureau of Customs collected P117.524 billion since January reflecting the 17.3% of the 2022 annual target collection of P billion based on the same initial report.

The BOC’s positive performance continues to highlight the Bureau’s consistent and positive monthly collection for consecutive months, and is attributed to the improved valuation and intensified collection efforts of all the ports.

Commissioner Rey Leonardo Guerrero once again commended the efforts of the District Collectors and the men and women of the Bureau of Customs who, despite the risk to their health and safety, showed their unwavering commitment and dedication to service.

Aside from this positive performance, the Bureau maintained its border security measures against undervaluation, misdeclaration and other forms of technical smuggling, and collect lawful revenues.

Republic of the Philippines

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