Customs Says No Law Backing Levy for Luxury Items

Customs uncovers that no law backing demand for luxury items, The C/G of the Nigerian Customs, Colonel Hameed Ali (rtd), faulted the negative impact of some administration exchange and financial strategies for inability in the Service to meet its 2016 targeted revenue of N937bn.

Colonel Ali expressed this position on Wednesday when he showed up before the House of Representatives Committee on Customs, within an extract to audit the 2016 spending execution of Customs and guard its 2017 spending plan.

Most of some government deliberate trade and economic policies also invalidate the accumulation of the income that we should.

In the event of the last budget, likewise specified the 41 items which are presently prohibited from getting to FOREX (foreign exchange) through the Central Bank of Nigeria," he said.

The Customs supervisor told the officials that no levy has been gathered through the require on luxury things, saying there was no legitimate sponsorship to implement the accumulation of the proposed levy.

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He focused on the significance of a legitimate instrument to back the commencing of levy, saying its nonappearance has contrarily influenced the Customs.

"That strategy has decreased by a significant rate the importation of things into this nation. Our collection to the extent the law is concern is on import, and the lesser the import the lesser the levy collection.

"So that has additionally contrarily influenced the gathering of exact on import of extravagance products. Without a legitimate instrument or government arrangement that commands Customs to gather impose, we need to enable them to come into the nation," he said.

The Customs has a 2017 targeted revenue of N772.88bn, a figure which is 17% lower than its 2016 income target.


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About the Blogger: Adedamola Adewoye is a Senior custom relationship officer. He has over 15 years experience interfacing with Nigeria custom and other Government agencies at the port.
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