P
ProfRem
Guest
The Tin-Can Island Command of the Nigeria Customs Service (NCS) generated a revenue of N130.76 billion in the last seven months of the year.
A statement on Monday in Lagos, quoted the Customs Area Controller, Comptroller Yusuf Bashar, to have made the disclosure while exchanging views with some stakeholders in his office.
The News Agency of Nigeria (NAN) reports that the revenue of the command nose-dived from N145.60 billion recorded in the seven months of 2015. The controller said that the statutory function of the command remained revenue generation and facilitation of legitimate trade.
Bashar said that deliberate and concerted efforts were being made in terms of strict adherence to the rules and standards of operation.
He said that the operations, processes and procedures of Customs were fully automated so that trade facilitation could be guaranteed. The controller, however, said that trade facilitation could only work when importers and their agents were transparent in their declarations.
The controller also reacted to the current hike in the exchange rate for calculating import duty, which is generating concern in the maritime sector.
He said that the NCS, as an agency of the Federal Government, was charged with the implementation of the Federal Government’s fiscal policies.
“It is instructive to note that the Nigeria Customs Service by its statutory role, does not determine exchange rate but only relies on the Central Bank of Nigeria to update us with information in accordance with its establishing Act. “ It is, therefore, pertinent to note that the current situation is beyond the Customs,’’ Bashar said.
A statement on Monday in Lagos, quoted the Customs Area Controller, Comptroller Yusuf Bashar, to have made the disclosure while exchanging views with some stakeholders in his office.
The News Agency of Nigeria (NAN) reports that the revenue of the command nose-dived from N145.60 billion recorded in the seven months of 2015. The controller said that the statutory function of the command remained revenue generation and facilitation of legitimate trade.
Bashar said that deliberate and concerted efforts were being made in terms of strict adherence to the rules and standards of operation.
He said that the operations, processes and procedures of Customs were fully automated so that trade facilitation could be guaranteed. The controller, however, said that trade facilitation could only work when importers and their agents were transparent in their declarations.
The controller also reacted to the current hike in the exchange rate for calculating import duty, which is generating concern in the maritime sector.
He said that the NCS, as an agency of the Federal Government, was charged with the implementation of the Federal Government’s fiscal policies.
“It is instructive to note that the Nigeria Customs Service by its statutory role, does not determine exchange rate but only relies on the Central Bank of Nigeria to update us with information in accordance with its establishing Act. “ It is, therefore, pertinent to note that the current situation is beyond the Customs,’’ Bashar said.
