2 months Customs collects P6.48-B taxes from rice imports Manilatimes |Biz
rice importedTHE government has collected as of mid-July more than P6 billion in duties from rice imported by private traders since Republic Act 11203 or the Rice Tariffication Act took effect in March, the Department of Finance (DoF) reported on Monday. In a statement, the Finance department quoted the Bureau of Customs (BoC) as saying in a report to Finance Secretary Carlos Dominguez 3rd that preliminary data showed that it had collected P6.479 billion from importer-traders as of July 15. With the tax collected to date, the DoF is optmitistic that the Customs bureau “remains on course to collect ... more