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Bacolod City, Philippines Wednesday, January 9, 2019
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Dumaguete sub-port
revenues hit P3B

 

The Bureau of Customs in the sub-port of Dumaguete exceeded its target revenue collection for 2018 by almost 50 percent, as it hit the PHP3billion mark.

`Dumaguete Customs Collector Fe Lluelyn G. Toring on Monday afternoon disclosed that as of Dec. 31, 2018, the actual collection of her office was pegged at a little more than PHP3.4 billion.

This is more than PHP 1.1 billion or 48.21 percent in excess of the 2018 target collection of PHP2.295 billion, she said.

The biggest importer that contributed to the positive gains of the local Customs Office is Filoil Energy Co., Inc., which raked in some PHP3.1 billion in petroleum products importation, Toring noted.

Other top importers and their import products include Dumaguete Coconut Mills, Inc. (palm olein), Wilmar Edible Oils, Phils., Inc. (palm olein), Primary Trident Marine Solutions, Inc. (conversion of international vessels to local), and Pryce Gases, Inc. (liquefied petroleum gas).

Toring attributed the accomplishments to the imposition of the country’s comprehensive tax reform program, known as the Tax Reform for Acceleration or Inclusion or TRAIN law, which saw a corresponding hike in revenues generated from these importers.

“Because of the TRAIN law, those products which were not subjected to excise tax before were now being taxed, so dako gyud ka au ug impact ang TRAIN law sa among collection (the TRAIN law has a big impact on our collection),” she stressed.

According to Toring, her office started implementing the TRAIN law in January 2018.

Also, another factor that contributed to the increase in revenues is the spike in the volume of importation, “which naturally also brings about an increase in our collection of duties and taxes),” she pointed out.

The Customs Collector here also gave credit to her hardworking staff for remarkable services that made it easier for importers to go through the bureaucratic processes.

“Also, maybe the trust of these importers lies on us because we serve them, we give them a fast delivery of services, especially in the processing of papers,” Toring noted.

If there are some delays, it’s because some necessary papers are lacking, otherwise “our office is committed to providing the best service that we can give to these importers.”

“In a matter of 20 minutes the most, kung naa lang tanan, tapos naang transaction (if all the requirements are there, the transaction is all done),” she said.

This is the fourth consecutive year under Toring’s watch that the Bureau of Customs-Dumaguete has exceeded its target collection.

In 2017, its actual collection was PHP1.8 billion, versus the target collection set at PHP1.3 billion, or a variance of 42.62 percent.

Last month, during its Christmas party, the Customs Office here gave out recognition awards to its top importers, with the hope that 2019 will continue to bring in more positive gains, Toring said.*PNA

 

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