BoC exceeds July collection target by 39% - BusinessWorld Online

THE BUREAU of Customs (BoC) on Monday said it exceeded its July collection target by 39%, mainly due to increased imports and improved valuations. READ:

In a statement, BoC said the July collection reached P84.43 billion, surpassing its monthly target of P60.78 billion. This was also a record monthly collection for the bureau.

In the first seven months of the year, the BoC collected P481.14 billion, surpassing its P388.6 billion target by 24%. This includes the TEF collection of P2.57 billion, and PCAG’s P1.37 billion. BoC Commissioner Yogi Filemon L. Ruiz attributed the strong performance to improved valuation and digitalization of Customs systems.

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