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Home » FG INTRODUCES COMPULSORY CONTAINER TRACKING LEVY

FG INTRODUCES COMPULSORY CONTAINER TRACKING LEVY

by Joshua
January 10, 2010
in Uncategorized

• 40-foot Container attracts EU100
• 20-foot Container attracts EU50

Strong indications emerged last week that the Federal Government may have introduced what it tagged Container Tracking Levy (CTL), which is payable on all containerized imports into the country.

All things being equal, the controversial offshore levy which is payable from the country of origin of consignments may take effect from today, January 11, 2010; even as indications emerged that some multinational shipping companies are already opposed to the levy.

Although, details of the controversial CTL were sketchy as at press time, sources hinted that under the deal, a 40-foot Container will attract 100 Euro, while a 20-foot Container is to attract 50Euro.

It could also not be ascertained whether it is the shipper or the shipping company that will pay the levy, but sources hinted that it is likely to be payable by the consignee.

Shipping Position Weekly also confirmed that a group of Nigerians, a Beninois and a company based in Antwerp, Belgium are the brains behind the deal which we learnt could net a princely N50 billion into the coffers of its promoters annualy.

Our correspondent also gathered that prior to the endorsement of the levy, an inter-ministerial committee which comprised of officials of the Federal ministry of transport, federal ministry of finance as well as representatives of both the Nigerian Ports Authourity and the Central Bank of Nigeria was set up to appraise the idea.

The essence of the levy our source hinted is to ensure safety of containers in transit from the country of origin to destination.

  


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