The Bureau of Customs surpassed its collection target in January 2019 posting a total of P48.153 billion with a surplus of 2.527 or 5.5% increase above its P45.626 billion goal.
The bureau maintains the growth momentum seen since last year, on the back of continued process improvements being implemented by Customs Commissioner Rey Leonardo Guerrero such as tighter watch over imports and import values of goods.
Based on a preliminary report of the Bureau of Treasury, revenues generated by the BOC in January were derived mostly from cash collection, which refers to duties, taxes, and fees collected from goods that entered through the customs ports nationwide.
The January 2019 collection is up 17.9% or an increase of 7.322 billion compared from the same period last year for which the bureau collected 40.830 billion.
Commissioner Guerrero has said that far more aggressive reforms will be implemented over the next months.