BOC Under Commissioner Faeldon Exceeds Revenue Target by P1.08 Billion

Pres. Rody Duterte fulfilled one of his promise during the election campaign period that he will clean up the government particularly the rampant corruption in the Bureau of Customs as they posted a surplus of P1.08 billion in revenues under the leadership of Customs Commissioner Nicanor Faeldon.

The BOC became the government's second biggest revenue generating agency based on collection report. The Bureau of Customs under Commissioner Faeldon generated revenues amounting to P37.65 billion, higher than its collection target of P36.57 billion last month.

Under the administration of Pres. Duterte the BOC said that the March collection was also 16 percent higher than the P32.38 billion it collected during the

Out of the 17 collection districts nationwide, 10 ports exceeded their respective collection goal. Among these ports were the Ports of Batangas, Cebu, Davao, Cagayan De Oro, Clark, San Fernando, Legaspi, Iloilo, Zamboanga, and Manila International Container Port (MICP).

MICP collected P11.72 billion, 3.7 percent higher than its P11.30-billion target while Batangas posted a surplus for its collections of P8.50 billion as against its target of P8.20.

Port of Cebu had a collection of P1.68 billion, exceeding its revenue goal of P1.60 billion.  Davao and Iloilo ports posted an excess of P260 million and P18 million, respectively.

CDO collected P1.27 billion, 44 percent higher than its P879.3-million target while Clark generated P131 million as against its goal of P124.6 million.

According to Customs Commissioner Nicanor Faeldon, he expressed optimism that the BOC would hit the P468-billion revenue target. Commissioner Faeldon was quoted as saying "With the strong implementation of the Customs Modernization and Tariff Act and our intensified operations against smuggling, I am positive that we will be able to achieve, or even exceed our 2017 revenue goal,” he said.

Source: Manila Bulletin

BOC Under Commissioner Faeldon Exceeds Revenue Target by P1.08 Billion BOC Under Commissioner Faeldon Exceeds Revenue Target by P1.08 Billion Reviewed by Phil Newsome on 4/07/2017 Rating: 5

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