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  • Customs rakes in N9.6b at Seme border
 

Customs rakes in N9.6b at Seme border

Customs rakes in N9.6b at Seme border

by magna / Tuesday, 03 February 2015 / Published in Capital Market News

The Seme Command of the Nigeria Customs Service (NCS) on Monday said it generated N9.6 billion between January  and December 2014.

This is contained in a statement signed by the command’s spokesperson, Mr Ernest Olottah, which was made avaibrokers post10lable to the News Agency of Nigeria (NAN) in Badagry, Lagos State.

The statement said the revenue was a 9.12 per cent increase over the 8.4 billion the command collected in 2013.

It attributed the improvement to earnings from the Vehicle Import Transit regime.

“In 2014, the Vehicle Import Transit regime was introduced by the Comptroller-General of the NCS and this boosted the revenue of the command.

“We are sure that we will surpass our 13billion target for this year because we have been brainstorming to identify and block all perceived sources of revenue leakages,” the statement said.

It added that the command made 686 seizures with a Duty Paid Value (DPV) of N294.3m during the period, noting that the figure was lower than the 1,102 seizures made in 2013.

“The items seized included vehicles, rice, frozen poultry products, petroleum products and shoes, amongst other items.

“It is rewarding to know that out anti-smuggling sensitisation exercise at the grassroots is paying off, which is why we made less seizures than in the corresponding year,” the statement noted.

Source : Independent

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