NEWS AROUND SUBIC BAY

BoC Subic posts record collection

Posted 3 years ago

BoC Subic posts record collection

Photo Credit: portcalls.com

Subic Bay Freeport—The Port of Subic district collection unit of the Bureau of Customs achieved last month it’s the highest revenue collection performance in its 20-year history after generating P2.347 billion, or 12.8 percent over its target for the period.

The BOC district unit headed by lawyer Ma. Rhea M. Gregorio registered a surplus of P265.429 million, according to the data gathered on the revenue performance of the district. Its target was P2.082 billion.

This is the third consecutive months that the district achieved positive collections record since September when Gregorio assumed the post as district collector.

BOC Subic accomplished the double-digit revenue targets by upgrading trade facilitation and closer dialogs with both Subic Freeport locators and port users.

Subic raised P2.182 billion revenues on import duties and taxes in October, netting P87.733 million, or a surplus of 4.2 percent.

Source: manilastandard.net

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BoC Subic posts record collection

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