Abuja Customs Command First Quarter Revenue Soars

The FCT Area Command of the Nigeria Customs Service (NCS) in a document made available to journalist on Thursday said it generated the sum of N513.8 million revenue in the first quarter of 2014.

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According to the document, N126.3 million was collected in January, while N169.2million was collected in February and N218.3 million in March.

The document showed that out of the amount generated in the period under review, N319.2 million was remitted into the Federation Account, while N194.6 million was remitted to non-federation account.

It stated that the revenues were generated from duties, fees and levies, which made up the amount remitted to the federation account and non-federation account.

It also stated that N311.2 million was collected on import duties, N4.9 million from Common External Tariff (CET) levy, while N3.1 million was collected from fees and penalties.

The document said N97.4 million was realised from 5 per cent Value Added Tax (VAT), while N21.8 million from the 7 per cent port levy within the period under review.

The document revealed that some special levies like; Comprehensive Import Supervision Scheme and ECOWAS Trade Liberalisation Scheme, accounted for N48.5 million and N26.9 million, respectively. 
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