Customs rake in N2.05bn in FCT


nigeria_customs_serviceNigeria Customs Service (NCS), Federal Capital Territory (FCT) Area Command collected N2.05 billion revenue in 2013 as against N2.7 billion collected in 2012. The document made available to the News Agency of Nigeria (NAN) in Abuja on Monday, shows that the 2013 revenue was N688.8 million less than what the command collected in 2012.
The service explained that the money was collected from duties, fees and levies which comprised the amount remitted to the federation account and non-federation account.
It said that N1.3 billion was collected as cash on import duty, N4.3 million from Common External Tariff (CET) levy and N10.3 million was collected from fees and penalty.
It stated that N461.1 million came from 5 per cent Value Added Tax (VAT), N91.3 million from 7 per cent port levy and N160,959 came from Iron levy. The document also stated that some special levies, including Comprehensive Import Supervision Scheme and ECOWAS Trade Liberalisation Scheme (ETLS) accounted for N175 million.
A breakdown of the revenue collected by the command during the period showed that N1.3 billion was collected into federation account, while N728.5 was collected to non-federation account.




Facebook Comments

Your comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.