Customs fails to meet April collection target
MANILA, Philippines - The Bureau of Customs failed to meet its revenue collection target for April.
The BOC said it collected P30.764 billion in April, 14 percent lower than the P35.7 billion target for the month.
Collections growth was also slower at 13.4 percent in April, from 26 percent in March.
For the January to April period, BOC revenues increased by 22 percent to P117.26 billion.
"Revenue growth slowed down in April on account of less number of working days—at 19 versus 21 days in April 2013; as well as the implementation of the expanded truck ban in Manila, which affected collections in the Port of Manila and the Manila International Container Port, the country’s largest customs ports in terms of volume," the BOC said.
Manila had implemented the expanded truck ban as a way to ease traffic in the city.
Under Manila's expanded truck ban, trucks with a gross weight of above 4,500 kilograms will only be allowed on city streets from 9 p.m. to 5 a.m. every day except on Saturdays and Sundays, with a window period of seven hours, from 10 a.m. to 5 p.m.