Customs says collections on target for 8th straight month in Sept


Posted at Oct 03 2018 06:29 PM

MANILA - The Bureau of Customs said Wednesday it collected P52.4 billion in September, hitting its target for the 8th straight month. 

The BOC said it even exceeded its P51.956 billion target last month by P464-million.

Customs Commissioner Isidro Lapeña said the September collection was 30.2 percent higher than the P40.26 billion collected in the same month last year.

The BOC's Financial Service division said the higher collections were due to the increased volume and value of goods and the higher exchange rate. 

Customs collections hit P435.964 billion from January to September this year, up 34.6 percent from the same period in 2017.