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Apapa Area 1 Customs revenue falls to N23.3 bn

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

This is
contained in the command’s revenue report signed by the Area Controller,
Comptroller Eporwei Edike and issued in Lagos.

revealed that the decline in revenue might not be unconnected with the
exclusion of some items from foreign exchange transactions by the Central Bank
of Nigeria (CBN).

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.

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