PUBLIC NOTICE IMPLEMENTATION OF RICE IMPORT QUOTAS UNDER THE FGN RICE POLICY
In line with the Federal Government of Nigeria’s new policy on Rice, import quotas have been allocated to some beneficiary investors in Rice production and existing Millers to bridge critical gaps in rice supply in 2014. This policy specified a preferential levy of 20% and duty of 10% for the beneficiaries. Other Importers were to bring rice to Nigeria under the 60% levy, 10% duty regime.
2. In implementing this policy, Nigeria Customs Service is to facilitate the importation process for the beneficiaries of the preferential levy/duty rates, while enforcing the cap on the quantities imported in line with the approval of the Inter-Ministerial Committee. We are now in the process of reconciling importations made by the beneficiaries.
3. Records of the importation in our system however indicate that some beneficiaries of the policy have imported in excess of the quotas allocated to them at the preferential rate. Such beneficiaries are by this Public Notice requested to visit their Port(s) of importation and reconcile the total quantities imported using the preferential rates with their approved allocations.
4. Appropriate levy of 60% and 10% duty rate must therefore be paid on the quantities imported in excess of the approved quotas not later than 15th January 2015. The names of defaulting beneficiaries after this date will be published while appropriate sanctions will be applied thereafter.
5. Nigeria Customs Service wishes to re-assure all Stakeholders of its readiness to collaborate with other Government Agencies in enforcing the import quotas, as well as other measures to achieve national self-sufficiency in rice production.
Public Relations Officer
For: Comptroller-General of Customs