 |
| Mr Lucky Amiwero, President, NCMDLCA |
Mr Lucky Amiwero, President of the National
Council of Managing Directors of Licensed Customs Agents (NCMDLCA) on Tuesday
called for a review of customs duty valuation processes.
Council of Managing Directors of Licensed Customs Agents (NCMDLCA) on Tuesday
called for a review of customs duty valuation processes.
Amiwero, who
stated this in an interview in Lagos, said the review had become imperative in
view of the cumbersome cargo clearance processes at the ports.
stated this in an interview in Lagos, said the review had become imperative in
view of the cumbersome cargo clearance processes at the ports.
He said the
non-review of duty valuation had hindered trade facilitation.
non-review of duty valuation had hindered trade facilitation.
“The
valuation issue is a critical area that needs government to look into. Is not
to issue DN, because when you issue DN; most of these consignments are
consignments that are billed for collections and LCs.
valuation issue is a critical area that needs government to look into. Is not
to issue DN, because when you issue DN; most of these consignments are
consignments that are billed for collections and LCs.
“At the end of
the day you issue DN more than their costs, they will transfer the money. That
is why our foreign exchange has collapsed.
the day you issue DN more than their costs, they will transfer the money. That
is why our foreign exchange has collapsed.
“When they
started this thing, the foreign exchange collapsed because they were looking
for revenue.
started this thing, the foreign exchange collapsed because they were looking
for revenue.
“They say
they have made one trillion, whereas they have lost more than close to three
trillion.
they have made one trillion, whereas they have lost more than close to three
trillion.
“The
implication of that is that you drive people from your process. Processes are
supposed to be simplified and transparent and predictable and consistent.
implication of that is that you drive people from your process. Processes are
supposed to be simplified and transparent and predictable and consistent.
“When you
talk about review, there is need for the people who understand the port to be
appointed to look at the review. If not, if you look at, we have lost our
cargo, we have lost our transit, we have lost our trans-shipment.
talk about review, there is need for the people who understand the port to be
appointed to look at the review. If not, if you look at, we have lost our
cargo, we have lost our transit, we have lost our trans-shipment.
“We are
completely in a very big dark that other countries are taking over from us. Our
process here is inhibiting,’’ he said.
completely in a very big dark that other countries are taking over from us. Our
process here is inhibiting,’’ he said.
Amiwero said that “if the present
valuation system is not reviewed, industries may begin to leave Nigeria for
other West African countries’’.
valuation system is not reviewed, industries may begin to leave Nigeria for
other West African countries’’.
