Maritime
NCS Valuation Unit Recovers N5.2bn
The Trade and Tariff Department of the Nigeria Customs Service (NCS) recovered N5.2 billion revenue from direct notices issued by its valuation unit from January to September, a report stated.
The report is contained in the NCS publication, Monthly Order.
The valuation unit is saddled with the valuation of imported goods in Nigeria using the World Trade Organisation (WTO’s) agreement on customs evaluation.
It also coordinates activities of all the valuation officers in the Area Commands by ensuring maximum collection of duties through issuance of demand notices.
According to the report, from January to September, the unit issued 6,645 demand notices out of which N5.2 billion was recovered.
On the resolution of trade disputes, the report said the unit adjudicated and resolved 18 value-based disputes between the service and importers on one hand and between Customs clearing agents and service providers on the other.
During the period, the unit attended to seven requests for vessel assessments, the report stated. The report recommended that the service should create a comprehensive and electronic valuation databank of all commodities, which could be updated.
It also called for more training of customs officers in view of the NCS take-over of the function of service providers by the end of the year. The Tide source reports that the NCS will assume full control of Destination Inspection (DI) across the country hitherto contracted to service providers seven years go from January 1, 2013.
The service providers are SGS Nigeria Limited, Global Scan Limited and Cotecna Destination Inspection Limited.
Meanwhile, the report also listed 15 agencies, whose licences were revoked by NCS during the period. It said that the agencies licences were revoked due to offences ranging from fake documentation, fraud and abuse of clearing process.
All customs agency licences and permits expire on December 31 of every year and are renewable yearly except otherwise suspended or revoked as the case may be.
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