The Nigeria Customs Service (NCS) collected over N68 billion from excise duty on beer, spirits and other alcoholic beverages, cigarettes, and tobacco for the federal government between January and June.
TheNewsGuru.com (TNG) reports National Public Relations Officer of NCS, Deputy Comptroller Timi Bomodi made this known while presenting the half-year report of the service covering.
The excise duty is levied on the manufacture, sale and consumption of goods that fall under the excise control, which include but are not limited to beer, spirits, alcoholic beverages, tobacco and cigarettes.
The NCS collected a total revenue of N1.3 trillion into the Federation Account, covering import and excise duty, fees and levies for the period under review. This represents an increase of N289.4 billion or 28.83 per cent growth rate compared to the N1.003trillion collected in the same period last year.
While presenting the half-year report of the service for the period, Bomodi also disclosed that the Customs had commenced collections from traders producing carbonated and sugary drinks, which was newly added under schedule five of the Common External Tariff (CET).
The Service has also said it would soon begin the collection of the new tariff on calls and data recently announced by the Minister of Finance, Budget and National Planning, Zainab Ahmed.
