BOC-Cebu’s revenue hits P4 billion

CEBU, Philippines — The Bureau of Customs Port of Cebu has collected a revenue of P4.376 billion for July this year, exceeding the target for the month by P1.067 billion.

This was the highest collection by the BOC-Cebu, whose June collection of P3.968 billion posted a P1.251 billion increaser or 40% year-on-year growth.

“This is the first time that the Port breached Php 4 Billion in its collection history,” said District Collector Charlito Martin R. Mendoza in a Facebook post.

Mendoza said good performance energizes them to continue strategizing to further maximize collection, as he stressed the need to do proper valuation and classification, and strict review of importation documents to avert trade misinvoicing.

Aside from crediting the consistent performance to the hard work and dedication of their officers and personnel, Mendoza also acknowledged the stakeholders for their active participation and cooperation.

It has consistently surpassed its monthly targets since January, posting a total of P24.568 billion in accumulated revenues.

The Subports of Mactan and Dumaguete also exceeded their collection targets for the month, which significantly contributed to the district’s aggregate revenue.—  LPM (FREEMAN)