BOC-Davao posts highest revenue surplus in October

By Anthony S. Allada

DAVAO CITY — The Bureau of Customs (BOC) Davao posted an all-time high revenue surplus in the month of October, registering a whopping P88,847,919 or 19 percent.

BOC-Davao District Collector lawyer Martiniano Bangcoy said that its assigned target for October was only P458,850,000 but their actual revenue collection reached to as high as P547,697,919.

“This is the highest revenue surplus so far this year with only two more months before the year ends,” Bangcoy said.

With this, the monthly revenue collection of the Bureau of Customs (BOC) Davao has continued to impress Customs Commissioner Rozzano Rufino Biazon after it has been consistent to exceed from its assigned quota.

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.

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.

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)



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: