Customs collection reaches P3.9B-A A +A
Friday, August 8, 2014
A RELENTLESS anti-smuggling campaign coupled with the robust imports of companies based in the region amounting to hundreds of millions of pesos contributed to the Bureau of Customs in Northern Mindanao (BOC-10) to consistently hit its monthly collection target.
Aside from that, BOC-10 has continued the streamlining of its operations and upgraded its customs systems and transactions, said a report from the National Economic and Development Authority-Northern Mindanao (Neda-10).
“Customs collections sustained a double-digit growth with first quarter 2014 receipts increasing by 21.4 percent to P1.97 billion from P1.62 billion in the same period last year,” the Neda-10 report said.
All ports except Iligan city port, the report noted, posted increases in collections due to the “reduction of import duty rate for milling food (e.g. wheat milling in Pilmico) and reduction of frequency of Petronas’s importation from thrice a month to once a month.”
Top import earner
It said the Mindanao Container Terminal-subport (MCT-SP) accounted the “biggest share of customs collections at 88.83 percent share, followed by the base port of Cagayan de Oro with 8.27 percent share.”
According to lawyer Roswald Joseph Pague, BOC-10 administrative officer, the MCT-SP has been consistent as the customs’ top import earner due to the companies that rely on imported raw materials to run their operations.
The MCT-SP, located in Tagoloan, Misamis Oriental, has been used by some of the major companies as their unloading port.
Pague cited Phoenix Petroleum Philippines, Inc., Jetti Petroleum, Nestlé Philippines, Inc. Philippine Sinter Corporation and Pilipinas Kao, Inc. as among the region’s top importers.
“We have been reaching, and in fact, exceeding our collection target,” Pague told this paper, adding that BOC-10 is now one of the top six customs bureaus nationwide for the month of June.
He said BOC-10 intends to achieve its P8 billion collection target for this year.
Based on the BOC-10 collection performance from January to June 2014 obtained by this paper, the actual collection for the six-month period is P3.960 billion, which exceeded its target by as much as P70.511 million.
Last January, the BOC-10 collection reached P650.345 million; February, P642.774 million; March, P678,630 million; April, P698,870 million; May, P638.935 million; and June, P651.287 million.
Of this amount, the MCT-SP contributed about P3.478 billion to the total collection of the BOC-10.
For the same period in 2013, the BOC-10 earned only P3.201 billion, marking the increase at 23.70 percent.
Although the MCT-SP has shown a tremendous increase in the import collection of the customs bureau, the Neda-10 noticed a “decline in the number of ship calls in the MCT during [the first quarter of 2014] by 7.96 percent, from 113 ship calls in 2013 to 104 ship calls in 2014.”
Neda-10 added that the volume of foreign containerized cargoes also suffered downturn by 4.22 percent, from 32,650 twenty-foot equivalent units (TEUs) in the first quarter of 2013 to 32,208 TEUs in first quarter of 2014.
Domestic cargoes, on the other hand, decreased by 9.27 percent during the period, from 18,534 TEUs in 2013 to 16,817 TEUs in the same time this year.
Due to the scheduled maintenance and shutdown of Nestlé Philippines, Neda-10 said there was a slowdown in the shipment of containerized cargoes. Further, there was also a reduction in the volume of dry containers of Del Monte Philippines, Inc.
Also, the scheduled maintenance shutdown of the coal-fired power plant Steag State Power Inc. during the first quarter of this year contributed to the decline in the volume of cargoes since there was no importation of coal, the Neda report added.
Published in the Sun.Star Cagayan de Oro newspaper on August 08, 2014.