{"id":4172,"date":"2025-02-13T10:04:33","date_gmt":"2025-02-13T10:04:33","guid":{"rendered":"https:\/\/beadysword.com.ng\/blog\/?p=4172"},"modified":"2025-02-13T10:04:44","modified_gmt":"2025-02-13T10:04:44","slug":"customs-suspends-recently-introduced-4-import-duties-on-goods","status":"publish","type":"post","link":"https:\/\/beadysword.com.ng\/blog\/2025\/02\/13\/customs-suspends-recently-introduced-4-import-duties-on-goods\/","title":{"rendered":"Customs Suspends Recently Introduced 4% Import Duties On Goods"},"content":{"rendered":"
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The Kano\/Jigawa Customs Area Command held a stakeholders\u2019 meeting on Wednesday to explain the 4 per cent Free On Board (FOB) collection and its suspension.<\/p>\n

Area Comptroller, Dalhatu Abubakar, addressed the gathering, stating that the new revenue law benefits all stakeholders, including exporters, importers, and customs agents.<\/p>\n

He explained that the FOB collection had been temporarily suspended due to the termination of the Nigeria Customs Service (NCS) contract with service providers.<\/p>\n

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Abubakar assured that the NCS would resume direct collection of the 4 per cent FOB once the suspension is lifted.<\/p>\n

\u201cThe FOB collection suspension is due to the termination of our contract with service providers.<\/p>\n

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\u201cWe are engaging stakeholders during this period to raise awareness about the levy\u2019s importance,\u201d Abubakar said.<\/p>\n

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The Comptroller noted that the suspension aligns with the NCS\u2019s efforts to transition to direct levy collection by the service.<\/p>\n

He added that the suspension period allows the NCS to educate stakeholders on the necessity of the 4 per cent FOB, legally backed by Section 18 (1) of the NCS Act (2023).<\/p>\n

\u201cOur aim today is to discuss the ongoing FOB suspension.<\/p>\n

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\u201cThis engagement is ongoing, and we will invite you again in the coming weeks to further explain the levy\u2019s purpose and significance,\u201d Abubakar stated.<\/p>\n

The Comptroller explained that the 4 per cent FOB, also known as the Financial Customs Service Operation (FCSO), is essential for NCS operations and stakeholder interactions.<\/p>\n

He emphasised that the levy is legally mandated and vital for smooth customs operations.<\/p>\n

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Stakeholders at the meeting were educated on the benefits and legal basis of the FOB, while some expressed concerns about the additional financial burden.<\/p>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n

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The Kano\/Jigawa Customs Area Command held a stakeholders\u2019 meeting on Wednesday to explain the 4 per cent Free On Board (FOB) collection and its suspension. Area Comptroller, Dalhatu Abubakar, addressed the gathering, stating that...<\/p>\n","protected":false},"author":2,"featured_media":4173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t