BoC tops January revenue target

The Bureau of Customs posted P70.327 billion in revenue collection for January, up by 11.79 percent or P7.415 billion from its P62.911 billion target.

The figure is also 20.53 percent or P11.98 billion more than the P58.346 billion recorded in the same month last year.

Also for January, the BoC conducted 36 apprehensions, seizing approximately P908.137 million worth of various commodities in violation of the Republic Act 10863 or the Customs Modernization and Tariff Act.

Among the seized goods were P794.463 million worth of smuggled agricultural products and P104.833 million worth of illegal drugs.

The agency, through Commissioner Yogi Filemon Ruiz, sustained its positive performance by heightening border protection measures and strengthening the BoC Anti-smuggling Program to ensure optimal lawful revenue collection.

Ruiz also continues to modernize and initiate policy reforms to combat customs fraud and corruption while ensuring efficient trade facilitation in the country in line with the Eight-point Socioeconomic Agenda of President Ferdinand Marcos Jr.

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