Customs rakes in N61.7bn from Tin-Can in Q1

The Tin-Can Island Command of the Nigeria Customs Service (NCS) said that it generated N61.6 billion revenue in the first quarter of 2015.

Mr Chris Osunkwo, the Public Relations Officer of the command, in an interview with the News Agency of Nigeria (NAN) on Friday in Lagos, said the amount was higher compared to N59.8 billion recorded in the corresponding period of 2014.

According to him, “Nothing is static in life. It’s all about dynamism. We make efforts daily to block identified and suspected revenue leakages and all these impact on our revenue profile’, he said.

Osunkwo noted that the new automotive policy had adversely affected the volume of vehicles imported, but, however, did not affect revenue collection.

The revenues generated by the command in the first quarter were from Import Duty, Excise Duty, Fees, Common External Tariffs (CET), five per cent Value Added Tax, seven per cent Levy and National Automotive Council (NAC).

It was also learnt that the command also generated its revenue from the Comprehensive Import Supervision Scheme (CISS), ECOWAS Trade Liberalisation Scheme (ETLS), Sugar, Rice, Wheat Flour, Wheat Grain, Iron and Cigarette Levies

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