The increase in importation of motor vehicles helped improve the Bureau of Customs’ revenue collections for Nov. 3 and 10 as it tallied P3.45 billion and P3.839 billion for those days, respectively, Customs Commissioner Isidro Lapeña said.
Lapeña said the agency mid-November collection performance showed strong growth, as it reached more than P3 billion in revenue based on the preliminary collection data from the bureau’s Financial Service.
He pointed to the rise in volume of imported cars and other vehicles at the Port of Batangas, which has the highest percentage share in the total BoC daily collection at P1.109 billion, 96.2 percent higher than its target.
“The revenue collected on the 3rd and 10th of November are 22.2 percent and 54.1 percent higher than the target daily collection of P2.492 billion,” Lapeña said.
Initial figures for the Nov. 3 daily collection showed the Port of Manila raking in P478.72 million, 19.2 percent higher than its target; the Manila International Container Port taking in P792.12 million (2.2 percent higher); the Ninoy Aquino International Airport earning P293.77 million (36.7 percent higher); the Port of Iloilo with P48.19 million (245 percent higher); and the Port of Cagayan de Oro with P64.37 million, 2.3 percent higher.
For Nov. 10, Batangas collected P1.94 billion (243 percent better than target); Cagayan de Oro with P85.67 million (36 percent better); the Port of Davao at P252.44 million (244 percent better); and the Port of Limay at P189.2 million (115 percent better).
“I am very optimistic that the figures can still progress once the rest of the outports submit their mid- November collection reports,” Lapeña added.
The October revenue performance also made BIR history after hitting the P42-billion mark. Vito Barcelo
Lapeña expressed confidence that with the continued efforts of the bureau to improve customs procedures and trade facilitation, revenue growth will continue up to the end of the year.
