Customs surpasses April collection goal

The Bureau of Customs (BOC) reported on Tuesday that it has surpassed its revenue collection target in April on the back of improved valuation of imports entering the country.

In a statement, the BOC said it collected P68.274 billion last month, exceeding its target of P68.199 billion by 0.11%.

Compared to April 2022, Customs’ revenue performance saw a 3.97% increase from P65.669 billion.

For the first four months of 2023, the agency collected P281.902 billion, overshooting its target collection of P265.220 billion by 6.29% or P16.682 billion for the period.

The January to April collection was also 10.89% higher than the P254.226 billion collected in the same period last year.