Customs nets manufacturers N68 billion in six months

The Nigerian Customs Service said it collected a total of N68 billion from makers of beer, spirits and other alcoholic beverages, between January and June 2022.

National Public Relations Manager, NCS, Timi Bomodi announced this recently in a statement.

He also said that in June the service began collecting from soft and sugary drink producers.

The statement read in part as follows: ‘Excise duty being a tax levied on the manufacture, sale and consumption of goods subject to excise control, was collected through 22 commands of the Service. A total of N68 billion was collected from manufacturers of beer, spirits and other alcoholic beverages, cigarettes and tobacco, among other products, from January to June 2022”

“Also in June, the Service began collections from existing merchants producing newly added soft and sugary drinks under Schedule 5 of the TEC. So far, the Service has collected over $1 billion. naira in june on carbonated and sugary drinks”

The press release further states: “Other revenues from telecommunications (calls and data) and digital network services have yet to be collected. The NCS should start collecting revenue on these products and services as soon as the collection arrangements are in place. Fees from these revenue streams are expected to increase our collections in the current year”

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