The Comptroller-General, Nigeria Customs Service (NCS), Retired Col. Hameed Ali, said on Tuesday that the service had a revenue shortfall of N230 billion in the last quarter of 2015.

Ali made the disclosure during a Consultative Forum between Customs and the Manufacturers Association of Nigeria (MAN) held at the Customs Training School, Ikeja, Lagos.

He attributed the shortfall to the Central Bank of Nigeria’s (CBN) policies, adding that service pleaded for sympathetic consideration by the CBN to review the policies.

“Customs had also made progress in getting the necessary approval for clearance of a huge backlog of imports.

“Imports in respect of which forms `M’ were opened before the commencement of the CBN foreign exchange restriction of some imported items.

“Importers of such goods could not finalise Customs clearance due to inability to obtain the Pre-Arrival Assessment Report (PAAR).

“Relief has come for such importers as we (Customs) have secured the go- ahead to waive the formalities and allow them to pay duty,’’ the News Agency of Nigeria (NAN) quotes Ali as saying.

The comptroller-general said that the service had re-organised the Dispute Resolution Units and designated experienced comptrollers to head the units for quick resolution of disputes.

He said that all disputes arising from valuation and classification were now referred to the units for resolution.

Ali said that the service had been receiving complaints about rates of duty and documentation processes which differed from one port to the other.

He said that there was also the issue of different rates among terminals in the same port.

The comptroller-general said emphasis would be on professionalisation of Customs’ jobs, saying that the vision of the management was to build a pool of highly-skilled specialists.

He said specialisation would be in core areas like Valuation, Classification, Rules of Origin, Excise, Enforcement, Customs IT and Investigation.

Ali said that the activities of MAN could not be over-emphasised, adding that collaboration with the Organised Private Sector (OPS) like MAN would be an important pillar of Customs administration.

“We will therefore appreciate your feedback on our performances and government policies.

“We (Customs) encourage MAN to express its concerns about policy formulation and implementation.

“We assure you that under my watch, such contributions will form valuable inputs to our periodic reviews aimed at fine-tuning such policies for better result.

“I started operations last year. I am aware of strategic importance of Zone “A’’ to customs’ overall operations

“I will not remain the Comptroller-General of Abuja. I will be showing more presence in Lagos and the zones,’’ he said.

Ali urged manufacturers who were having challenges in clearing their consignments before he assumed office, to lodge their complaints genuinely so that customs would handle such complaints.

He also advised members of MAN to inform the service earlier on issues concerning documentation before arrival of their consignments for quick clearance.

Ali also urged manufacturers who sought refund of charges which had accumulated on their duties in the last few years to be rest assured that it would be looked into.

He said that the service had processed the refunds.

Ali, however, urged members of MAN to assist the service on intelligence information gathering to reduce smuggling of products and encourage genuine importers and exporters.

The President of MAN, Dr Udemba Jacobs, pledged to support the comptroller-general to enable him achieve the revenue target set for the service.

Jacobs said that MAN would support Customs on intelligence information gathering, adding that the information would assist the service to achieve success.

He urged the Customs chief to look into reviewing the 41 restricted items and to also address the challenge faced by manufacturers in obtaining Form `M’ and avoid paying demurrage.

“Customs should also look into compliance with rules on importation of goods and should stop any importer not complying with cargo clearance procedures.

Also speaking, the Executive Director, GONGONI Company Ltd., Mr Kingsley Onwukwe, urged customs to look into importation of goods coming into the country.

Onwukwe said that many goods meant to be exported were being imported, adding that this had affected exporters.

A member of MAN and Chairman, Midland Galvanising, Mr Olufunmilayo Sunday, said N95 million was over- charged on different imports made by his company between 2012 and 2013.

Sunday said that all efforts to get back the amount overcharged by the Customs service had proved abortive.

He urged the Customs management to assist him in getting a refund of the amount overcharged.

(NAN)

http://www.financialwatchngr.com/2016/04/06/customs-revenue-falls-n230bn-due-cbns-policies-c-g/

People have stopped unnecessary importation into the country and increased patronage of locally made goods. That's the positive side.


But on the negative side of it.

- IGR dropped
- Some persons will loose their jobs
- Naira will not grow stronger because of lack of competitiveness and redundancy in the worlds trade share. (Check WTO stats)
- Investors will be forced out
- Killing Nigeria's image as an investment destination
- Hyper-inflation of scarce and internationally sourced commodities
- Increased cost of production for internationally sourced raw materials.

click like if you believe this cbn policy is wrong share if you believe is right.

Buhari is an economic catastrophe

Importation don reduce simple.

Pidggin:
Buhari is an economic catastrophe

do you sleep at all. To destroy buhari government psychologically is a task that must be done by you

Buhari messed this country up big time.

TPAND:
People have stopped unnecessary importation into the country and increased patronage of locally made goods. That's the positive side.


But on the negative side of it.

- IGR dropped
- Some persons will loose their jobs
- Naira will not grow stronger because of lack of competitiveness and redundancy in the worlds trade share. (Check WTO stats)
- Investors will be forced out
- Killing Nigeria's image as an investment destination
- Hyper-inflation of scarce and internationally sourced commodities
- Increased cost of production for internationally sourced raw materials.

that is only for a time. Things will balanced up.

Fedayeen:
[s][/s]do you sleep at all. To destroy buhari government psychologically is a task that must be done by you[s][/s]

Are you sleeping?

Pidggin:


Are you sleeping?

Yes.

Fedayeen:
Yes.

So am I

Pidggin:


So am I

continue doing what you love most. Buhari deserves all your venom

CBN and their policies again.
which way Nigeria?.

is this policy really okay?

NO-click Like

YEA-share