JUNE 16TH, 2008 CLARIFICATIONS ON CHARGES AND LEVIES ON IMPORTED RICE
CLARIFICATIONS ON CHARGES AND LEVIES ON IMPORTED RICE
Sequel to the recent FG’s removal of all Duties and Charges on Imported Rice, the Comptroller General of Customs has directed all Officer and Men to give full effect to the directive.
The Comptroller General’s directive is against the backdrop of persistent complaints from stakeholders on the proper interpretation of the FG’s Fiscal Policy, zero-rating Customs duty on imported rice, as one of the measures to avert food crisis in the country.
For the avoidance of doubt, with effect from 7th May 2008, Rice Imports into Nigeria is free from all duties and charges, including Customs duty, 7% surcharge, Value-Added Tax, and ETLS Levy. This is in compliance with Section 36 of the Customs and Excise Management Act (CEMA) C45. Laws of the Federation 2004, which stipulates that duty rate applicable to an imported item for Customs Clearance purpose is that prevailing at the time of Lodgment of the Declaration, irrespective of the dates or Form M, Bill of Lading, Risk Assessment Report (RAR) or Arrival of Vessel.
However, all importers are advised to follow proper import procedure through Honest Declaration of all rice imports in our Seaports and Land boarders through out the concession period which ends in November 2008.
Importers experiencing difficulties in Clearance of Rice during this period are advised to contact The Office of the Comptroller General for immediate assistance.