Toyota PH becomes top revenue contributor to Port of Batangas

In photo: Toyota Motor Philippines Corporation Senior Vice President (middle) Dennis Ben-Hur Escuro receives the Top Importer recognition from Bureau of Customs (BOC) Chief of Staff Atty. Marlon M. Agaceta (2nd from left) , and BOC - Port of Batangas District Collector Atty. Ma. Rhea M. Gregorio (4th from left).

August 30, 2024 – Toyota Motor Philippines Corporation (TMP) solidifies its position as the number one revenue contributor to the Bureau of Customs (BOC) - Port of Batangas (POB), reporting a total of PHP 18.7 billion in duties and taxes paid for the first semester of 2024. This substantial contribution underscores TMP's significant role in the positive district collection performance as reported by the POB.

The BOC-POB recognized TMP’s robust revenue contributions along with key locators and exporters during the celebration of the Port’s 67th founding year held in August 2024 in Lipa City, Batangas.

In the same event, the agency recognized the members of the newly constituted POB Customs Industry Consultative and Advisory Council (CICAC), which (as per Customs Memorandum Order No. 02-2024) will serve as a consultative body between the BOC and the business-industrial sector to address customs and industry issues and promote mutual understanding and cooperation.

As one of the top private companies at the collection district level, TMP gains two (2) seats in the POB CICAC, allowing two (2) TMP representatives to become part of the founding members.

A cargo vessel unloading Toyota vehicles at the Port of Batangas

The POB serves as a strategic gateway for importing a wide array of automotive products, including various Toyota and Lexus models, production parts, and service components from the Asia Pacific region.

TMP’s port operation is linked to its Batangas Vehicle Center (BVC) located at Barangay Balagtas in Batangas City, utilized as a processing hub and vital point for distribution of automotive products to Toyota dealerships across the Visayas and Mindanao regions.

As the leading mobility company, TMP works actively with the BOC towards efficient trade facilitation.

In February 2024, TMP became one of the first organizations to be certified as an Authorized Economic Operator (AEO) Level 2 by the BOC. This attests to Toyota’s strong compliance with the global trade standards and commitment to total quality assurance for its customers.