BOC-Davao posts P42.5-M revenue surplus in October

By Anthony S. Allada

DAVAO CITY — The monthly revenue collection of the Bureau of Customs (BOC) Davao has continued to impress Customs Commissioner Rozzano Rufino Biazon after it posted P42-5 million revenue surplus for the month of October.

BOC-Davao District Collector Martiniano Bangcoy said that Biazon described the Davao port to be the saving grace of customs bureau with most of the 17 ports in the country missing their monthly target revenue collection with two more months left for 2012.

Biazon was recently here to lead the recognition for the second time Phoenix Petroleum Philippines Inc. as the Top 1 Importer in Davao City that contributed P1.2 billion in duties and taxes to the over-all collection of BOC-Davao.

The recognition was given even as the year has yet to end. The first awarding happened on February 2012 in Metro Manila, citing Phoenix’s big contribution to BOC’s 2011 coffers.

Bangcoy said more than 20 percent of the total collection of the Davao port come from Phoenix importation of petroleum products.

Phoenix, a leading independent oil company with an expanding network of operations nationwide, maintains a depot in Lanang here.

In its October 2012 collection, BOC-Davao collected P501,383,611 as against its quota of only P458,850,000 with a surplus of P42,533,611 or nine percent.

Bangcoy said their annual target could already be met after its November 2012 collection and its December collection will already be the annual surplus. (ASA)

 

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