Wednesday, 7 October 2015

Apapa Area 1 Customs generate N23.3bn in September


The Apapa Area 1 Command of the Nigeria Customs Service (NCS) generates N23.3 billion as revenue in September, a figure below the N30.1 billion collected in August.

This is contained in the command’s revenue report signed by the Area Controller, Comptroller Eporwei Edike and issued in Lagos.
The report indicated that N12.6 billion went into the Federation Account in September comprising import duty, fees and Common External Tariffs (CET).
It said that under the Non-Federation Account, the command generated N10.7 billion from 5 per cent Value Added Tax (VAT); 7 per cent Port Levy, and 0.5 per cent ECOWAS Trade Liberalisation Scheme (ETLS).
Other sources of revenues into the Non-Federation Account are one per cent Comprehensive Import Supervision Scheme (CISS), National Automotive Council (NAC), levies on rice, iron, sugar and wheat grain.
The report also indicated that N11 million was collected from the Negotiable Duty Credit Certificate (NDCC).The NDCC is a document accepted for duty payment from importers who bring in materials for production purposes. (NAN)
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