MANILA, Philippines—The Bureau of Customs-Post Clearance Authority Group announced on Saturday that it generated an additional P287,036,700.02 in additional customs duties and taxes for the first quarter of 2021.
In a statement, the PCAG indicated that the additional revenue was collected from 51 Prior Disclosure Program (PDP) applications filed with the BOC that amounted to P258,363,867.77 of the revenue collected.
The remaining P28,672,832.25 came from the post clearance audit.
Despite hauling in additional earnings, the PCAG is optimistic that its revenue will increase for the remaining months of 2021 as 57 new Audit Notice Letters (ANL) have been issued this year with.
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Keep on reading: BOC-PCAG generates more than P287M in additional revenue for 1Q of 2021