BOC marks 9B liters of fuel, collects P118B in revenues
Aligned with its thrust to curb illicit trade and collect rightful duties and taxes for the government, the Bureau of Customs (BOC) has marked nine billion liters of fuel equivalent to P118 billion duties and taxes for the first half of the year.
BOC collections hit P65.7B in April, P10.8B higher than target
The collections of the Bureau of Customs (BOC) reached P65.7 billion in April, about P10.8 billion higher than the target on improved valuation, intensified enforcement against illegal importations as well as compliance by traders to customs laws.
Nearly all customs collection points report higher than target collection
The Bureau of Customs surpassed its February 2022 target collection by 17.4 percent or P8.734 billion and actually collected P59.036 billion against target collection of P50.302B.