Customs generated N23.3bn from Apapa Port in October

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The Apapa Area 1 Command of the Nigeria Customs Service (NCS) generated N23.3 billion as revenue in October, same as it recorded in September.

This is contained in the revenue report of the command made available to news men on Thursday in Lagos by the NCS Public Relations Officer, Mr Emmanuel Ekpa.

The report showed that N12. 2 billion was generated through the Federation Account comprising import duty, Common External Tariffs (CET) and other fees.

The document also showed that N11.1 billion went into the Non-Federation Account from Value Added Tax (VAT); seven per cent from Port’s levy; and the levy from the ECOWAS Trade Liberalisation Scheme (ETLS).

According to the report, other sources of revenue into the Non-Federation Account include: one per cent Comprehensive Import Supervision Scheme (CISS), National Automotive Council (NAC), levies on rice, iron, sugar and wheat grain.

The report also showed that the command collected N1 million from the Negotiable Duty Credit Certificate (NDCC).

NAN reports that the NDCC is a document accepted for duty payment by importers who bring in raw materials for production purposes.

Source: TheGuardian