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Home Security Customs Expect N10bn from Detained Textiles in Kano
  • Security

Customs Expect N10bn from Detained Textiles in Kano

By
Wale Adeniyi
-
June 29, 2015
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The Nigeria Customs Service has commenced assessment of Customs duty and other charges on Textile materials currently in detention in Kano.
The exercise being coordinated by a Special Task Force comprising operatives of the Nigeria Customs Service and the Economic and Financial Crime Commission is expected to rake in  N10b (Ten billion Naira) revenue into Government coffers.
The directive to collect duty on the textile products was given by the Comptroller-General of Customs, Dikko Inde Abdullahi, following consultations with the Federal Government and importers of the items.
The imported items are currently discharged in warehouses sealed by the Nigeria Customs Service in various areas of Kano metropolis.
In the first warehouse opened for the  exercise,  14 importers turned up for assessment and duty payment for their textile items valued at about N1.5billion in the first week .The importers were expected to pay a combined import duty of N373, 307, 242.16.  The assessment also showed that the goods are liable to the following additional charges:
I.    N26,569,253.73 for 7% surcharge
II.    N14,243,212.64    for 1% CISS levy
III.    N6,767,022.49      for 0.5% ETLS levy
IV.    N59,154,231.65      for Textile levy
V.    N95,527,905.15      for Value Added Tax
Total revenue payable on the first set of assessment stands at N576,161,369.17 (five hundred and seventy-six million, one hundred and sixty -one  thousand, three hundred and sixty-nine Naira,  Seventeen kobo only.  Another set of assessment worth over N600m  (Six hundred million naira )  is pending on the outstanding textiles in the same 
warehouse.
The assessed items include 20,878 bales of printed African fabrics, 21,980 bales of high grade brocade materials,  6,127 bales of Lace materials , 554 bales of polyester materials and 30 rolls of curtail materials.
The Comptroller-General of Customs’ decision to allow the importers of the detained goods pay duty  is based on recent fiscal policy  review removing textile fabrics from import prohibition list . The move is also expected to shore up Government revenue, which has witnessed a downturn in recent times.
Last month, 75 warehouses of assorted textile materials were sealed up in Kano by Customs anti-smuggling operatives , following months of undercover operations and activation of local and international intelligence networks. The warehouses were operated by foreign nationals using a handful of Nigerians as their guarantors.
In view of the organized nature of the smuggling syndicate, the Comptroller-General of Customs, Dikko Inde Abdullahi has called for closer inter Agency collaboration to curb the excesses of foreign economic saboteurs who break our laws with impunity.
SIGNED
Wale Adeniyi
Public Relations Officer
Nigeria Customs Service
For: Comptroller-General of Customs
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Wale Adeniyi
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NUJ Urges Constitutional Backing for Journalists, Proposes Media Bailout FundBenue Police Nab Notorious Arms Traffickers, Recover Rocket Launcher, AK-47 Rifles, AmmunitionTinubu Appoints IBB's Son as Chairman, Bank of Agriculture, Names Heads of Key AgenciesIn Rivers, Customs Hands Over N20.5bn Worth of Fake Drugs to NAFDACCOUNTER-TERRORISM OPERATIONS: Troops Arrest Terrorists Collaborators, Eliminate Scores, Seize Weapons, Rescue Captives Across N'EastAdeniyi Inaugurates Lagos School Renovated by Nigeria Customs UK-Nigeria Pact to Drive Defence Innovation, Joint VenturesCustoms' Maiwada Named Among Nigeria’s 50 Most Influential PR VoicesCritique of Renaming University of Maiduguri after Muhammadu Buhari By Dr Umar ArdoFULL TEXT: President Tinubu Extols Muhammadu Buhari at Special FEC SessionAgain, FG Postpone Recruitment into Paramilitary AgenciesBuhari's Shocker: I look Forward to Leaving, and when it's time, I go to my Grave By Femi AdesinaAPRA Secretary General Omoniyi Ibietan Named ‘PR Change Maker'JUST IN: Tinubu Renames UNIMAID After Muhammadu BuhariJAMB Raises Alarm Over 9,469 Illegal Admissions in 20 Tertiary Institutions
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