Lagos - The Apapa Area 1 Command of Nigeria Customs Service (NCS) on Monday said it generated N19.8 billion in May in contrast to the N20.3 billion recorded in April.
A statement issued in Lagos by Emmanuel Ekpa, the Public Relations Officer of the command, said that the figure was, however, lower than the monthly target of N39 billion.
It said that the fall in revenue in May was due to continued low importation.
"A breakdown of the revenue figures showed that the Federation revenues stood at N8.37 billion, while non-Federation revenues were N8.55 billion in the month under review,’’ it said.
The statement said that the Negotiable Duty Credit Certificate (NDCC) stood at N2.65 billion in May, while the seven per cent levy on the NDCC was N196 million.
It said that the Federation revenues consisted of Common External Tariff (CET), Import duty, fees and others.
Non-Federation revenues are the five per cent VAT, seven per cent Port Levy, one per cent Comprehensive Import Supervision Scheme (CISS), five per cent Sugar Levy and 0.5 per cent ECOWAS Trade Liberalisation Levy.
The statement said that other components of the non-Federation revenues were wheat flour levy, wheat grain levy, 20 per cent rice levy, iron levy, 100 per cent cigarettes levy. (NANLagos, June 10, 2013 (NAN) The Apapa Area 1 Command of Nigeria Customs Service (NCS) on Monday said it generated N19.8 billion in May in contrast to the N20.3 billion recorded in April.
A statement issued in Lagos by Emmanuel Ekpa, the Public Relations Officer of the command, said that the figure was, however, lower than the monthly target of N39 billion.
It said that the fall in revenue in May was due to continued low importation.
"A breakdown of the revenue figures showed that the Federation revenues stood at N8.37 billion, while non-Federation revenues were N8.55 billion in the month under review,’’ it said.
The statement said that the Negotiable Duty Credit Certificate (NDCC) stood at N2.65 billion in May, while the seven per cent levy on the NDCC was N196 million.
It said that the Federation revenues consisted of Common External Tariff (CET), Import duty, fees and others.
Non-Federation revenues are the five per cent VAT, seven per cent Port Levy, one per cent Comprehensive Import Supervision Scheme (CISS), five per cent Sugar Levy and 0.5 per cent ECOWAS Trade Liberalisation Levy.
The statement said that other components of the non-Federation revenues were wheat flour levy, wheat grain levy, 20 per cent rice levy, iron levy, 100 per cent cigarettes levy.
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