THE Bureau of Customs (BoC) said it collected P75.642 billion in August, surpassing its target for the month by 4.7%.
The BoC had exceeded its target for the month of P72.275 billion, according to preliminary data.
In the eight months to August, the BoC collected P582.133 billion in revenue, up 4.24% from a year earlier. It also surpassed its target for the period by 2.54%.
The BoC attributed the performance to “efficient customs operations, enhanced trade activity, and robust revenue collection measures.”
“We will continue to monitor trade activity and implement measures to sustain this positive momentum in revenue collection,” Customs Commissioner Bienvenido Y. Rubio said in a statement.
The BoC also reported that it conducted 687 anti-smuggling operations in the eight months to August, which yielded smuggled goods valued at P31.118 billion.
This year, the BoC expects to collect P874.166 billion. Last year, the agency collected P862.929 billion, exceeding its target by 19.6%. — Luisa Maria Jacinta C. Jocson
