CEBU CITY – The Bureau of Customs (BOC) in Cebu said its revenue collections last month had a surplus of P123.41 million and is on track for the current month.
BOC-Cebu Collector Elvira Cruz said the port posted a collection of P3.06 billion, which is 4.20 percent higher from P2.94 billion. “It means a total surplus collection of P123.41 million,” Elvira said.
In his collection report addressed to Cruz, BOC-Cebu cash division chief Conrado Abarintos said the May revenue collection in Cebu port was substantially higher than the amount collected in the same month of 2018.
He said the May revenue collection was higher by P442.16 million compared to the Cebu port collection of P2.62 billion during the same month last year. “This collection performance is made possible, kudos to the men and women of the Port of Cebu for their unrelenting effort to help the government in collecting the revenue needed in order for it to continue serving the Filipino people,” Cruz said.
As the economy of Cebu and Central Visayas remains bullish, Abarintos is hoping that more volume of imported goods will arrive via Cebu port and translate such activities with more revenue collection out of duties and taxes paid by importers.
“We, in the Port of Cebu, are hoping that we will have a better volume of entries filed in the remaining half of the month of June,” Abarintos said.
He attributed the May revenue collection to the volume of oil importation that arrived in the first few days of June. (John Rey Saavedra)
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