Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

BOC records P13b revenue deficit for July

byCT Report
06/08/2016
in Latest News, Philippines
Share on FacebookShare on Twitter

MANILA:  Things appear to be coming to a head at the Bureau of Customs (BOC) this early as it recorded its highest monthly revenue deficit last July, hitting an all-time high of P13 billion. The shortfall coincided with the first month in office of Commissioner Nicanor Faeldon who has taken a hardline stance against corruption. In a July 23 meeting with 50 Customs personnel, he said, “If have to kill one of your officials every opportunity I get, I will do that,” he said,. “If that is the only way to reform the bureau.”

President Rodrigo Duterte himself had issued a warning to the Bureau of Customs and the Bureau of Internal Revenue to be prepared for a purge of corrupt employees.

You might also like

KP releases Rs80.7 billion for ongoing development projects

16/07/2026

Punjab Judges eligible to purchase govt cars for just Rs3.5lac under New Scheme

16/07/2026

The BOC failed to hits its P43-billion July target due to a decrease in volume and value of importations. Ports nationwide collected only a total of P30 billion, with the Port of Cebu being the only one able to meet last month’s target. It reported an excess of P26.7 million in collections, equivalent to about 1.6%.

Worst performers were the Ports of Manila (highest deficit of P2.73 billion), Batangas (P2.61 billion revenue shortfall), Manila International Container Port (P2.56 billion), and Limay (P1.97 billion).

Tighter import regulations have reportedly caused legitimate businessmen to take a more cautious approach and hold off on their importations.

Faeldon pointed to port collectors as being responsible for the BOC revenue collections. Uncertainty hangs over their heads as they anticipate the appointment of their possible replacements.

Their performance, according to Faeldon, will determine whether or not they can keep their posts.

Related Stories

KP releases Rs80.7 billion for ongoing development projects

byCT Report
16/07/2026

PESHAWAR: The Khyber Pakhtunkhwa government has released Rs80.7 billion for ongoing development projects under the Annual Development Programme (ADP) 2026–27,...

Punjab Judges eligible to purchase govt cars for just Rs3.5lac under New Scheme

byCT Report
16/07/2026

LAHORE: Thousands of judicial officers across Punjab are set to get unexpected benefit after Lahore High Court approved scheme allowing...

Pakistan Advances Digital Payments with Co-Badged Debit Card

byCT Report
16/07/2026

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad has welcomed the introduction of the HBL, UnionPay International and PayPak...

RCCI calls for stronger industry-academia collaboration to drive a knowledge-based

byCT Report
16/07/2026

RAWALPINDI: President Rawalpindi Chamber of Commerce and Industry (RCCI), Usman Shaukat, participated in a high-level interactive session at New York...

Next Post

Melco Crown profit ups in Q2

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.