BOC collection topped 9-month revenue target

Bureau of Customs said Wednesday it collected P79.225 billion in duties and taxes in September 2023, surpassing its goal of P76.445 billion for the month by P2.780 billion or 3.64 percent.

The BOC said it also topped its revenue target for January to September 2023, netting P660.716 billion, which was above its goal of P644.185 billion by 2.57 percent or P16.531 billion.

It said effective customs operations, increased trade activity and rigorous revenue collection efforts were put in place under the leadership of Commissioner Bienvenido Rubio.

This paved the way for the BOC’s consistent remarkable collection performance.

The BOC recently teamed up with the Department of Trade and industry (DTI), Strategic Trade Management Office (STMO) and ARISE Plus Philippines to promote facilitation of customs procedures and improve trade competitiveness.

The bureau said it also conducted 730 anti-smuggling operations which resulted in the confiscation of P35.963 billion worth of smuggled goods in another significant move towards upholding the rule of law.

This showed the BOC’s commitment to intensify border protection and thwart illicit activities, it said.