Connect with us

Customs Corner

Customs Adopts New Version of ECOWAS Common External Tariff (2017- 2021)

Published

on

ANCLA Onne Debunks Claims on Customs, NPA Extortion in Rivers State

Author: Gift Wada, Abuja

The Nigeria Customs Service on 1st April 2022, migrated from the old version of the ECOWAS Common External Tariff (2017- 2021) to the new version (2022- 2026). This is in line with WCO five years review of the nomenclature.

Customs National Public relations Officer, DC Timi Bomodi, in a press release on Monday, said the contracting parties are expected to adopt the review based on regional considerations and national economic policy.

Bomodi said “The nation has adopted all tariff lines with few adjustments in the extant CET. As allowed for in Annex II of the 2022-2026 CET edition, and in line with the Finance Act and the National Automotive Policy, NCS has retained a duty rate of 20% for used vehicles as was transmitted by ECOWAS with a NAC levy of 15%. New vehicles will also pay a duty of 20% with a NAC levy of 20% as directed in the Federal Ministry of Finance letter ref. no. HMF BNP/NCS/CET/4/2022 of 7th April 2022.

It is instructive to note that domestic fiscal policy on the importation of motor vehicles and other items is targeted at growing the local economy in these sectors. The focus of NCS is on implementation of these policies in the hope that it achieves its desired objectives in line with National Automotive Policy and other fiscal policies of the government.” He added.

He said the service has also activated the use of Chapters 98 and 99 of the CET, in accordance with WCO recommendation for national use by contracting parties, which in our case promotes industrialization through sectoral and sub-sectoral incentives for members targeted at economic growth, enhancement of security and minimized consumption of unwholesome goods.

He noted that the Automotive industry, bonafide assemblers, manufacturers of auto spare parts and other local manufacturers enhance technology transfer and skill acquisition, create jobs and increase per capita income.

The PRO said “In Chapter 98 of the current CET – Bonafide Assemblers importing Completely Knocked Down (CKD) and Semi Knocked Down (SKD) are to enjoy a concession of 0% and 10% Duty rate respectively. While within ECOWAS, duty rates for same items are 5% and 10% respectively.

Incentivizing their efforts through policy interventions guarantees a win-win situation for the nation in the long run.” He explained.

According to him, Implementing the current CET takes immediate effect.

Customs Seize Contrabands Worth Over N100 Million in Katsina

Continue Reading
Advertisement

ADVERTISEMENT

ADVERTISEMENT

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Customs Corner

Customs Kickstarts 2-Day ICT/Modernization Retreat for Management Team

Published

on

Author: Muhammad Bashir.

The Comptroller-General of Customs (CGC), Bashir Adewale Adeniyi, marked Friday, 1 March 2024, as a pivotal moment for his administration, heralding an era of digital transformation within the Service.

Addressing attendees at the 2-day NCS 2024 ICT—Modernization Management Retreat in Abuja, CGC Bashir Adewale reiterated his commitment to leveraging technology to streamline customs operations. He emphasized the importance of engaging stakeholders to ensure the seamless execution of this ambitious project.

“In 2024, we cannot afford to remain entrenched in outdated practices. Stakeholders are demanding a Customs Service that embraces technology to enhance efficiency and transparency.” CGC Adeniyi remarked.

Encouraging his Management Team, particularly in ICT, to champion the digitalization efforts, he urged them to harness internal resources to expedite the implementation of the electronic cargo tracking system.

He, however, emphasized that “It is imperative that we modernize every facet of the Customs Enforcement Ecosystem. We must also integrate technology to fortify our operations.”

Welcoming the CGC to the retreat, the Chairman of Trade Modernization Project Limited, Alhaji Saleh Ahmadu, lauded the CGC’s resolve, highlighting the pivotal role of trade in national development. He underscored that the modernization initiative would revolutionize the NCS’s operations, fostering a conducive environment for trade across Nigeria and the African continent.

Assistant Comptroller-General of Customs in charge of ICT/Modernisation, ACG Kikelomo Adeola, commended the CGC’s unwavering commitment to the project. She highlighted its significance in reshaping, digitizing, and modernizing the Service’s activities.

“Welcome to this landmark retreat, where we embark on a journey to recalibrate and modernize the Service, aligning it with international standards.” ACG Adeola stated.

The NCS 2024 ICT-Modernization Management Retreat sets the stage for a transformative era in the Nigeria Customs Service, signaling its readiness to embrace technological advancements in pursuit of operational excellence.

Continue Reading

Customs Corner

Customs Oyo/Osun Command Intercepts Fake Drugs, Others, Worth Over N1.8B

Published

on

…As Comptroller Ben Expresses Dedication to Protect Well-being of Citizens

Author: Lucy Nyambi.

The Nigeria Customs Service, Oyo/Osun Area Command, has intercepted sacks of fake Pharmaceutical drugs worth over N1.8billion.

Customs Area Controller Comptroller Ben Oramalugo disclosed this to reporters during a press briefing at the Command headquarters on Thursday, February 29, 2024.

Comptroller Ben stated that the Commands anti-smuggling activities have been strategically positioned to ensure the Federal Government’s policy on border closure is totally enforced by preventing the importation of prohibited items harmful to the great citizens of Nigeria. He also expressed the effort to prevent the exportation of essential food resources for individual economic gains by some economic saboteurs.

“We have successfully intercepted and seized contraband goods, including items that pose threats to economic stability and lives of citizens in the country,” He added.

Highlights of the seizures include 53 sacks of fake Pharmaceutical drugs with a Duty Paid Value (DPV) of ₦1,739,000,000.00, 1,309 pieces of used tyres with a DPV of ₦70,140,000.00.

Others are; 345 × 50kg bags of Foreign Parboiled Rice, 344 × 25 litres of Premium Motor Spirit (PMS), 4 Wraps (4 Kilogram) of Indian Hemp, 45 Sacks, 8 Sacks (9 Bales) of Used Clothings and Shoes, 34 Cartons of Foreign Wine, and 40 Bottles (5 litres), 21 Bottles (1 litres) of Foreign Vegetable Oil, all with a Total DPV of N1,890,022,931.00.

The CAC stated that, despite the prevailing economic challenges, the Command demonstrated resilience and efficiency in revenue generation by collecting the sum of N5,664,295,751.15 in February 2024. When added to the sum of N6,824,954,338.96, already collected for January 2024, the cumulative sum of N12,489,250,090.11 was collected so far for the fiscal year of 2024.

Comptroller Ben reiterated that all Borders within the Commands Area of Responsibility are still closed due to the Federal Government policy on Border closure and as such, “Command Officers remain vigilant and dedicated to preventing the smuggling of items that could compromise the health and well-being of our citizens.”

He appreciated the efforts of all Traditional Rulers, Local Government Chairmen and Key Stakeholders in both Oyo and Osun States, who have continued to enlighten their people about the negative effect of smuggling on the economy.

The CAC expressed the Nigeria Customs Service’s unwavering commitment to transparency, accountability, and the nation’s overall well-being. “We are confident that, through collective efforts, we can overcome the challenges we face and contribute to a more secure and prosperous future for Nigeria.”

Continue Reading

Customs Corner

COWA Collaborates with Youths, Women to Combat Drug Abuse

Published

on

Author: Iruoghene Abra, Muhammad Bashir.

The National President of the Customs Officers’ Wives Association (COWA), Mrs. Kikelomo Adeniyi, has expressed readiness to partner with the National Youth for Women Empowerment and Education in Nigeria as part of her plans to empower women through various ‘progressive’ programs aimed at improving their economic status.

Mrs. Kikelomo made this declaration during a meeting with members of the National Youth for Women Empowerment and Education in Nigeria, led by Ambassador Ibrahim Ibrahim, at the COWA National Secretariat on Thursday, 29 February 2024. She also emphasized her dedication to supporting women through educational initiatives.

In an address, Mrs. Kikelomo commended the organization’s executives for their tireless efforts in achieving the organization’s goals and objectives. She urged the young executives to continue their exemplary work in serving humanity.

Highlighting COWA’s activities, the President outlined initiatives such as providing support for women and children, empowering them with new skills and startup kits, and serving as the voice for the voiceless in society.

She emphasized that COWA stands as a pillar of support for wives and children during times of need, advocating for the rights of women who face similar challenges and discrimination in society.

Addressing the importance of mutual support, the COWA National President stressed the significance of women supporting each other to overcome obstacles and achieve their full potential.

She remarked, “The strength of a woman should not be measured by the challenges she faces but by her resilience in overcoming them.”

Continuing, she emphasized, “A healthy wife brings a wealthy life, as the well-being of women is crucial for the prosperity of households and communities.”

Mrs. Adeniyi highlighted the transformative power of education for women, stating, “When women are empowered, they contribute significantly to the economy, health, education, and all sectors of society, leading to positive change.”

She advocated for women to hold significant societal positions, citing their consistent ability to surpass expectations.

Mrs. Adeniyi reiterated COWA’s commitment to empowering women and children, expressing willingness to collaborate with the National Youth for Women Empowerment and Education in Nigeria to achieve shared objectives.

In response, the National Coordinator of the National Youth for Women Empowerment and Education in Nigeria, Ambassador Ibrahim Ibrahim, briefed COWA on the organization’s activities, which include encouraging women to embrace education and advocating against child abuse and domestic violence.

He highlighted the organization’s focus on supporting widows and children, facilitating skill acquisition, and caring for the elderly, praising Mrs. Adeniyi’s leadership and integrity expressing confidence in her ability to lead COWA to greater heights.

Continue Reading

Trending