Customs exceeds target, earns P1.7B revenue

By: Victor Anthony V. Silva August 01,2016 - 04:32 PM

THE Bureau of Customs (BOC) office in Cebu collected P1.71 billion in revenues last month, exceeding its P1.68-billion target for July this year.

Lawyer Rico Rey Francis Holganza, OIC customs district collector, credited this to the huge number of imported power sector and oil products coming in through the Cebu Port.

“We should realize that the (Bureau of) Customs is relient on importations made by our businessmen. If there aren’t any, we have no income,” he told Cebu Daily News in a phone interview on Monday.

Holganza said last Friday alone, the last working day of July, an importer from the power sector paid P98 million in duties and taxes.

He said they have regular meetings with brokers and importers to remind them to file their entries as soon as their shipments arrive in Cebu.

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TAGS: Bureau of Customs, Cebu, Cebu City
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