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Rice import tariffs collection picks up

THE Bureau of Customs (BOC) has collected P7.35 billion in duties from rice imports in the first five months of the year, the Department of Finance (DoF) reported on Friday.

It said in a statement that the five-month total reflects an increase of P1.15 billion, or 18.6 percent, over the same period last year's revenues of P6.2 billion.