BOC surpasses October collection goal 

The Bureau of Customs (BOC) said on Wednesday it surpassed its October collection target by nearly 19%.

In a statement, the BOC said that based on its preliminary report, its total revenue last month stood at P75.5 billion.

The Customs saw a surplus of P11.8 billion or 18.6% from its target collection of P63.7 billion for October.

Year-on-year, the agency’s collection performance grew by 35% or P19.5 billion, from P56 billion in revenue posted in October 2021.

For the January to October period, the BOC collected P714.3 billion, surpassing the P602.8-billion target for the period by P111.5 billion or 18.5%.

Compared to the same period last year, the Customs’ collections grew by 37% or P188.9 billion from P525.4 billion booked in January to October 2021.

“The BOC continues to implement measures against revenue leakages, corruption, and smuggling while easing process bottlenecks,” it said.

“Amid the nation's economic recovery, [Commissioner Yogi Filemon] Ruiz is prioritizing the bureau's modernization programs and process innovations to sustain outstanding performance and improve services to stakeholders.” — VBL, GMA News