shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » REVENUE WAHALA: N1Trillion Target Pitches Customs Against Clearing Agents

REVENUE WAHALA: N1Trillion Target Pitches Customs Against Clearing Agents

by Joshua
February 28, 2012
in Uncategorized

Apparently under pressure to meet the 2012 revenue target of N1Trillion, the Nigeria Customs Service may have incurred the wrath of licensed customs agents who are accusing the service of being too desperate to meet the unprecedented target.
 At least two freight forwarding associations have expressed their opposition to the plan by the Customs to benchmark duty on some imported items, mostly electronics.

Apparently under pressure to meet the 2012 revenue target of N1Trillion, the Nigeria Customs Service may have incurred the wrath of licensed customs agents who are accusing the service of being too desperate to meet the unprecedented target.
 At least two freight forwarding associations have expressed their opposition to the plan by the Customs to benchmark duty on some imported items, mostly electronics.
Over the weekend and at different for a, the duo of National Association of Government Approved Freight Forwarders (NAGAFF) and the Save Nigeria Freight Forwarders Importers, Exporters Coalition frowned at the move.
Shipping Position Daily confirmed that the bone of contention is the decision by the Nigeria Customs Service that a 40- foot container will henceforth attract a custom duty based on a C.I.F value of N12.5Million, while a 20- foot container is to attract a customs duty based on a CIF value of N6.25m.

While the NAGAFF calls for further talks on the issue, the Save Nigeria Group pleaded with the federal government to reverse the decision taken by the Nigeria Customs Service on the introduction of a new benchmark of cost insurance and freight [CIF] per container of some imported items into the country
But NAGAFF, in a statement signed by its founder, Dr Boniface Aniebonam, observed that the N2.5Million benchmark on 40-foot container of electronics goods and others should be reviewed downward in the interest of trade.
However, the National Coordinator, Safe Nigeria Group, Chief Osita Chukwu argued that the decision made by the Comptroller General of Customs will lead to breach of multi –lateral international agreement on trade facilitation, thus breach the national law on customs value of imported items.
He said that the comptroller General of Customs has defaulted in the decision which allegedly impugned on the Act of National Assembly stressing that the action was illegal and arbitrary which in turn lead to multiple effects to port operation.
‘’The Nigeria Customs Service has by a stroke of the pen revoked an Act of the National Assembly, that is, the Customs  and Excise Management [Amendment ]Act No.20 of 2003,which provides  that Customs duty shall be determined sequentially by reference of six methods’’.
Osita listed the method as:  transaction value method, identical value method, similar value, method computed and fall back value method.
‘’Importers will not be able to clear goods imported into the country and may be tempted to abandon their goods in the port. Freight forwarders may be tempted to evade duty and fly containers out of the port. Congestion in the port will return as importers will take unnecessarily long periods to secure funds to clear their cargoes ‘’, he predicted.
He also added that with the decision, importers will be compelled to patronize other neighbouring ports which originally would have been collected by the Nigeria customs for economy growth.
‘’Nigeria- bound imports will be diverted to ports of neighbouring countries and then smuggled into the country through land borders ,there will be a complete erosion of the gain so far recorded in the current port reform and a legal and behavioural resistance of the decision may paralyze activities in the ports as corrupt officers of the Nigeria Customs Service in the face of the above will line their pocket with filthy wealth acquired through connivance with unscrupulous importers and freight forwarders at the expense of the federal government and the people of Nigeria ‘’Osita said.
He explained that the decision implies that the Certified Certificate of Value and Origin of goods [CCVO] will be redundant in determining the value of goods.
The group also said that for the   customs duty valuation method to change, it will take the normal course of sensitizing all stakeholders in the industry adding that a bill must be duly presented before the National Assembly for public hearing.
Shipping Position Daily recalls that the Customs Comptroller General, Alhaji Diko Abdulahi Inde had lamented at a meeting with the leadership of the Association of Nigerian Licensed Customs Agents (ANLCA) that the service was having difficulties meeting it monthly revenue target that was derived from the N1Trillion target for 2012.
He had consequently solicited the cooperation of ANLCA for the unprecedented target to be met.


Related Posts

Meningitis: Death Toll In Kebbi Hits 56 – Govt 

Meningitis: Death Toll In Kebbi Hits 56 – Govt 

March 24, 2025
Navy Rescues 8 Police Officers,1 Civilian From Boat Accident In Bayelsa

Navy Rescues 8 Police Officers,1 Civilian From Boat Accident In Bayelsa

January 8, 2025
PHOTO NEWS: SIFAX Thanksgiving and Night of Praise 2.0

PHOTO NEWS: SIFAX Group Thanksgiving and Night of Praise 2.0

December 18, 2024
NEPC Frowns at $480m Expenditure on Importation of 3m Tonnes of Rice Importation

Eastern Ports Set for Boost in Investments as Dantsoho Tours Onne and Rivers Port Complexes

December 6, 2024

Discussion about this post

Latest News

IMO ELECTIONS: Oyetola Flags Off Nigeria’s Election Campaign in London

IMO ELECTIONS: Oyetola Flags Off Nigeria’s Election Campaign in London

June 20, 2025

Centre Urges FG to harmonise AfCFTA Strategies For Speedy Implementation 

APFFLON Calls for Urgent Reform of Nigeria Police Force

Vessels Expected At Lagos Ports As At 19th June, 2025

Dantsoho Front Lines Human Capital Development As NPA Promotes 1,500 Employees

Navy Arrests 3 Suspected Oil Thieves In Delta

Workers’ Welfare: Maritime union issues 21-day ultimatum to Melsmore

Customs Intercept Guns, 1,433 Live Cartridges In Ogun

Maritime Police, Clearing Agents Task Force Forge Alliance to Tackle Port Corruption, Economic Sabotage

Vessels Expected At Lagos Ports As At 18th June, 2025

Adeyanju Commends MWUN Over Election of New Executives of Shipping Branch

IPMAN Urges Reversal Of Truck Parking Fee

kindly like our Facebook page

Health

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts
Health

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025

Association of Medical Laboratory Scientists of Nigeria, Lagos State chapter, has raised the alarm over the increasing number of men...

20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025
See Mental Illness Like Other Treatable Diseases – Says Suicide Survivor

Health Facts You Didn’t Know

May 19, 2025
Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

April 28, 2025
Water And Health: The Relationship That Helps Life

Water And Health: The Relationship That Helps Life

April 28, 2025
Some Truths and Myths About Agbo Herbal Concoction

Some Truths and Myths About Agbo Herbal Concoction

April 21, 2025
The Malaise Of Misuse of Antibiotics

The Malaise Of Misuse of Antibiotics

April 14, 2025
Urologist Debunks Breast-Cancer Prevention Myth

Urologist Debunks Breast-Cancer Prevention Myth

April 14, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition