Customs rakes in N833.4bn revenue in 2013

THE Nigeria Customs Service (NCS) revealed it has raked in the sum of N833.4 billion as revenue in 2013 out of its target of N1.4 trillion, according to an official document obtained by the News Agency of Nigeria (NAN).
The document, “Naija Customs’’, made available to the News Agency of Nigeria (NAN) in Abuja on Tuesday, adds that the 2013 revenue was N17.5 billion less than N850.9 billion collected in 2012.
The service explained that the money was collected from duties, fees and levies.
It said that N387 billion was collected as cash on import duty, while N68.9 billion came from Negotiable Duty Credit Certificate import duty.
It stated that it collected N24.4 billion from excise duty, N1.8 billion from fees, N21.4 billion from “CET” special levy and N329.1billion from levies collected on behalf of agencies.
A breakdown of the revenue collected on behalf of agencies showed that port levy accounted for N30.50 billion; sugar levy, N4.8 billion; wheat grain levy, N38.3 billion; and wheat flour, N313.5 million.
Others collected agency fees, according to the document, are: rice levy, N10.3 billion; steel levy, N584.9 million; and wine, N22.1million.
The others are: textile, N90.8 million; cement, N830.6 million; cigarette, N913.6 million; and National Automotive Council levy, N13,505.
The document also stated that some special levies, including Comprehensive Import Supervision Scheme and National Export Supervision Scheme accounted for N44.1 billion.
Ayo Omidele with additional reports from NAN:


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