Toyota Philippines leads Batangas port revenue collection
The country’s leading automotive firm Toyota Motor Philippines Corp. was recognized as the top revenue contributor to the Bureau of Customs - Port of Batangas as it remitted P23.66 billion in customs duties and taxes from January to July.
Toyota Motor Philippines Corp. (TMP) has emerged as the leading revenue contributor to the Bureau of Customs (BOC) - Port of Batangas (POB), remitting P23.66 billion in customs duties and taxes from January to July. This figure constitutes 16.4 percent of POB's total revenue collection during the same period. The impressive achievement was announced during POB's 69th Founding Anniversary celebration held on August 17 in Bauan, Batangas.
TMP's remittance, however, experienced a slight decrease compared to the same period last year, attributed to challenges such as an energy crisis resulting from the Middle East conflict leading to softened demand. Carmelita Talusan, the district collector of POB, acknowledged TMP's significant contribution and the efforts of other major automotive and energy industry partners in driving the port's performance.
Talusan commended the collaborative efforts of all port stakeholders for achieving this commendable milestone. TMP holds an Authorized Economic Operator Level 2 certification, which enables the company to benefit from expedited customs clearance and dedicated processing lanes. The carmaker's Batangas Vehicle Center, its logistics facility, is situated in close proximity to the port.
TMP's commitment to supporting nation-building is evident through its efficient delivery of automotive products and services to customers.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
