MANILA, Nov 3 (Mabuhay) — The Bureau of Customs (BOC) on Wednesday reported it has collected a total revenue of P75.5 billion in October.

Authorities destroy misdeclared and undervalued luxury cars at the Bureau of Customs. (MNS photo)

This was 18.6 percent or P11.8 billion higher than the agency’s target of P63.7 billion for the month, and 35 percent or P19.6 billion higher than the same period last year.

Year-to-date records also showed that the agency collected a total of P714.3 billion, which was 18.6 percent or P111.5 billion higher than the P602.8 billion projected collection.

Compared to last year’s P525.4 billion collection for the same period, revenues grew by 37 percent or by P188.9 billion.

The bureau attributed the positive performance to the agency’s proactive measures against revenue leakages, corruption, and smuggling addressing customs procedural bottlenecks.

Commissioner Yogi Filemon Ruiz said the bureau is prioritizing its modernization program and process innovations to sustain outstanding performance and improve services to stakeholders. (MNS)