DUMAGUETE CITY, Philippines — The Bureau of Customs in Dumaguete City, Negros Oriental had exceeded its target collection for 2016 even before the year is over, and has hit the P1-billion mark, as of latest reporting.
BOC’s sub-port of Dumaguete OIC Port Collector Fe Lluelyn Toring on Friday said that, as of December 5, total actual collection has reached P1,014,961,336.
This represented an increase of 168.51 percent or P636,961,336 more than the target collection (from January 1 to December 31) of P378 million, Toring told The Freeman.
The excess in the actual collection was noted during the first 100 days of BOC’s new Commissioner Nicanor Faeldon, who President Rodrigo Duterte appointed last July.
Toring said that, for the 3rd quarter alone—covering July, August and September under Faeldon’s watch—the target collection was set at P100.49 million, but the total actual collection reached P339,215,289, an increase of P238,725,289 or 237.56 percent.
The major importers that have contributed to the increase in this year’s collections are Filoil Energy Company Inc. at the top spot, followed by Pilipinas Shell Petroleum Corporation, Wilmar Edible Oils Phils. Inc., Godlfin Intertrade Co. Ltd., and Pryce Gases Inc., she said.
While official records were still unavailable, Toring said this year’s spike in Customs duties and taxes is mostly credited to the fuel industry, with the entry of Filoil and Pilipinas Shell here, as well as DUCOMI, which imports palm olein through Wilmar Edible Oils.
As is customary in previous years, the BOC sub-port in Dumaguete will be giving certificates of appreciation to these importers during a Christmas fellowship on December 22 as a way of expressing gratitude to their contributions in the increase in tax collections this year, Toring added. (FREEMAN)