THE Bureau of Customs (BOC) collected P65.7 billion in revenues this year, exceeding its goal for the month.
The second-largest revenue-generating government agency said they have surpassed their P54.9 billion April collection target by 19.6 percent or P10.769 billion.
Its revenue take for April is also higher by 26.9 percent from the P51.78 billion it earned in the same month last year.
For the first four months of the year, the BOC has so far collected P254.2 billion, equivalent to 37.4 percent of its P679.23 billion full-year collection target.
“The collection performance is attributed to the improved valuation, intensified enforcement against illegal importations, and the improved compliance by traders to customs laws,” the BOC said.
Based on the preliminary report from the BOC-Financial Service, 14 of 17 collection districts hit the target. These are the following ports: San Fernando; Manila; MICP; Batangas; Legaspi; Iloilo; Cebu; Cagayan de Oro; Zamboanga; Davao; Subic; Clark; Aparri; and, Limay.
In March, the bureau recorded its all-time high monthly revenue collection at P70 billion.
The BOC earlier expressed confidence that it would be able to surpass its collection goal this year, which is up by over 10 percent from its last year’s target of P616.75 billion.
Last year, the BOC collected P645.77 billion, breaching its goal by 4.7 percent.