Manila, Feb. 15 -- The Bureau of Customs (BOC) announced on Saturday that it collected PHP931.04 billion in revenues for 2024.

In a statement, the bureau said it successfully achieved its revenue targets despite challenges caused by the impact of tariff reductions on rice and selected electronic vehicles, and the deferment of priority reforms, such as the excise tax on pickup trucks under the Capital Market Promotion Efficiency Act.

It noted that several ports, including Legazpi, Tacloban, Ninoy Aquino International Airport, Clark, and Cagayan de Oro, contributed to the annual collection after exceeding their revenue targets.

The BOC also generated PHP2.71 billion in revenue through post-clearance audits and voluntary disclosure applic...