(File photo) MANILA - The Bureau of Customs (BOC) has recorded so far its highest monthly collection in history, with a total of PHP76.29 billion collection for the month of June. Based on the preliminary report from the BOC Financial Service released Friday, the collection last month surpassed its target of PHP56.287 billion by 35.5 percent, or PHP20.003 billion. It added that the June 2022 collection broke the previous highest monthly collection record of PHP70.778 billion for March 2022. Aside from the revenue collection, last month's revenue also included the Tax Expenditure Fund (TEF) amounting to PHP301 million and the Post Clearance Audit Group (PCAG) collection of PHP115.97 million. This is the sixth consecutive month the BOC exceeded its monthly target and achieved positive collection this year. The report also revealed that 14 of the 17 collection districts of San Fernando, Port of Manila, Manila International Container Port, Batangas, Legaspi, Iloilo, Cebu, Surigao, Zamb
MANILA-The Bureau of Customs (BOC) on Wednesday reported it has posted a surplus of PHP10.769 billion in its April revenue collection. Based on the preliminary report from the BOC-Financial Service, the amount is 19.6 percent over its target for last month of PHP54.9 billion. The total collection for April 2022 is PHP65.7 billion. It also reported that 14 out of the 17 collection districts hit their targets namely: the Ports of San Fernando, Port of Manila, MICP, Batangas, Legaspi, Iloilo, Cebu, Cagayan de Oro, Zamboanga, Davao, Subic, Clark, Aparri, and Limay. Last March, the Bureau recorded its highest monthly revenue collection in history with PHP70 billion collection for the period. BOC Commissioner Rey Leonardo Guerrero attributed the collection performance to the improved valuation, intensified enforcement against illegal importations, and improved compliance by traders to customs laws. The BOC is the 2nd largest revenue-generating government agency next to the Bureau of Internal
Vice presidential candidate Sen. Vicente Sotto III (File photo) MANILA - Senator Panfilo Lacson and Senate President Vicente Sotto III vowed to continue their policies if they are elected president and vice president, respectively. A Lacson presidency would work to protect the agriculture industry by going after food smugglers and their protectors, Sotto said in a statement on Monday. He ensured that agricultural criminals would be charged within a year into their administration and sent to jail before their six-year term ends. "Nanawagan po ako sa ating mga magsasaka, mangingisda, at pati sa ating poultry at hog raisers na tulungan kami ni Sen. Lacson na ma-iluklok bilang pangulo at pangalawang pangulo ng ating bansa nang tuluyan na natin maipahinto at mapakulong ang mga sindikato sa likod ng agricultural smuggling dito sa ating bansa (I call on our farmers, fishermen and poultry and hog raises to help Sen. Lacson and I become president and vice president so we may end once and f
Vice presidential candidate Sen. Vicente Sotto III (File photo) MANILA - Senator Panfilo Lacson and Senate President Vicente Sotto III vowed to continue their policies if they are elected president and vice president, respectively. A Lacson presidency would work to protect the agriculture industry by going after food smugglers and their protectors, Sotto said in a statement on Monday. He ensured that agricultural criminals would be charged within a year into their administration and sent to jail before their six-year term ends. "Nanawagan po ako sa ating mga magsasaka, mangingisda, at pati sa ating poultry at hog raisers na tulungan kami ni Sen. Lacson na ma-iluklok bilang pangulo at pangalawang pangulo ng ating bansa nang tuluyan na natin maipahinto at mapakulong ang mga sindikato sa likod ng agricultural smuggling dito sa ating bansa (I call on our farmers, fishermen and poultry and hog raises to help Sen. Lacson and I become president and vice president so we may end once and f
(File photo) MANILA - The House Ways and Means Committee on Thursday said it will support any budget or policy request to bolster government efforts to fight the rampant smuggling of agricultural products in the country. In a statement, committee chairman Joey Salceda said agricultural smuggling is a long-standing issue that will require the full efforts of the entire government. He said the committee is focused on improving legislation on agricultural smuggling, particularly its work on the Customs Modernization and Tariff Act and its rules; the Anti-Agricultural Smuggling Act, which makes large-scale agricultural smuggling economic sabotage; and the joint guidelines to prevent the smuggling of agricultural products. "We are also studying our special safeguard, anti-dumping, and countervailing duties laws to see how we can fight the deleterious effects of smuggling using amendments to these laws," Salceda said. He said aside from legislation, it is also part of Congress'