E. Visayas Customs 50% short of target | Inquirer News

E. Visayas Customs 50% short of target

By: - Correspondent / @joeygabietaINQ
/ 09:49 PM January 08, 2012

TACLOBAN CITY—Customs collectors in Eastern Visayas have gone way off their mark in their target revenue figures for 2011, falling short by at least 50 percent.

Avelino Alberca, regional Customs collector, said on Friday that the regional Customs collection was just P219.03 million, way below a target of P470 million.

Alberca laid the blame on poor collection at the Isabel port in Leyte where 85 to 90 percent of the region’s entire collection comes from.

Article continues after this advertisement

Shipments from and to the region’s only economic zone, the Leyte Industrial Development Estate, pass through the Isabel port.

FEATURED STORIES

Companies operating at the ecozone include the Philippine Associated Smelting and Refining Corp. (Pasar) and the Philippine Phosphate Fertilizer Corp.

In 2011, Customs officials at the Isabel port collected only P145.28 million, 67 percent below a target of P439.27 million.

Article continues after this advertisement

Alberca said among the reasons for the lower revenue is a decline in demand for copper cathode, which Pasar manufactures.

Article continues after this advertisement

Last year, only 180 metric tons of copper cathode were exported, way below 460 MT exported in 2010.

Article continues after this advertisement

Pasar accounts for more than 75 percent of the entire collection of Isabel, Alberca said. Last year, Pasar paid P106 million in customs duties.

While the Isabel port did not meet its collection target, the Tacloban port surpassed its collection target by 132 percent, Alberca said.

Article continues after this advertisement

The Tacloban port, which derives its earnings from foreign parcels and liquefied petroleum gas dues, generated an income of P73.45 million, higher than its target of P31.68 million.

The Catbalogan port, however, collected only P37,000 in duties.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Alberca expressed fears revenue collection would drop further after Pasar suspended operations following a fire in its facility. Pasar employs at least 1,000 workers.

TAGS: Earnings, Revenues

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.