Sunday , June 20 2021
Breaking News
Home / News / Customs Orders Removal Of Restriction On Rice Import

Customs Orders Removal Of Restriction On Rice Import

riceThe Comptroller-General of customs, Col. Ali Hammed has ordered immediate removal of restriction on rice importation and re-introduce import of duty payment at land borders.
The Public Relations Officer of customs, Wale Adeniyi made this known during an interview with the News Agency of Nigeria(NAN) on Wednesday in Abuja.

Adeniyi said all rice imports through land borders by traders would attract the prevailing 10 percent import duty free with 60 percent levy

He added that rice millers(preferential levy) with valid allocation quota would also attract duty rate of 10 percent with 20 percent levy on rice importation.

“Over the years, importation has been restricted to the seaports because border authorities have found it difficult to effectively monitor and control importation of rice. When the decision to ban it (rice) was taken it was not an effective measure because smuggling of the product thrives with people using different means of conveyance including small trucks, bicycles and even animals – putting them on donkeys and some actually carry it on their heads.

“These new measures will be for customs to reorganise their anti-smuggling operations in the border areas and ensure that all those importers through the borders bring their rice through approved routes and pay their extant duty.”

Before the ban on rice importation, customs had placed different rate of levy on rice imports, 30 per cent levy was placed on rice millers (preferential levy) and 70 per cent for rice importers in other to boost local production.

Comments

comments

Check Also

Lagos gas explosion: Three bodies recovered

*Survivor recounts experience   The National Emergency Management Agency (NEMA) has said three bodies were …

We Recovered $100m NPA Money From Intels- EFCC

The Economic and Financial Crimes Commission (EFCC) has said that it has recovered $100 million …

Social Media Auto Publish Powered By : XYZScripts.com