BoC exceeds Dec. target

The Bureau of Customs (BoC) collected P9.569 billion in duties and taxes last December, up 17.6 percent from its collection target of P8.127 billion for the month, Customs Commissioner Antonio Bernardo said yesterday.

As such, the bureau further hiked its total 2003 collection to P106.056 billion, or P6 billion more than its target of P100.056 billion, Bernardo said.

"Compared to 2002, there was an increase of P9.805 billion or 10.2 percent," he said. — Rey Arquiza