Business
Customs Agents Fault Terminal Handling Charges
The National Presi
dent, National Council of Managing Directors of Customs Agents (NCMDCA) Mr. Lucky Amiwero has said that Terminal Charge (THC) is a duplication of terminal delivery charges (TDC) by terminal operators in the nation’s seaports.
Explaining his position on the matter in a statement made available to newsmen, Mr. Amiwero argued that THC were cost borne by shipping lines for container shipped on Free on Board (FOB) terms.
“Nigeria operates cost insurance and freight (CIF) term that incorporates the payment of freight, which covers the cost from loading, discharge to delivery of consignment at destination in line with the contract of carriage as defined in the obligation of a common carrier” he said.
Mr Amiwero who is regarded as one of the few highly experienced licensed customs agents in the maritime industry, described THC as an illegal imposition that is duplicated with TDC.
“THC is not covered by any service and should be dropped, as such charges contravene all international obligations, which state that all fees must represent a cost recovery mechanism and must be calculated as the lowest possible amount reflecting the approximate actual cost of the service rendered” he said.
According to him, the cargo dwell time in the Nigerian Ports as high as against the situation in other African Ports.
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
Business
Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
-
Niger Delta4 days agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Sports4 days agoSimba open Nwabali talks
-
Nation4 days agoHoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
-
Niger Delta4 days ago
Stakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta4 days ago
Students Protest Non-indigene Appointment As Rector in C’River
-
Rivers4 days ago
Fubara Restates Continued Support For NYSC In Rivers
-
Oil & Energy4 days agoNUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership
-
News4 days agoDiocese of Kalabari Set To Commence Kalabari University
