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The Nigeria Customs Service (NCS) is an agency of the Federal Republic of Nigeria, which operates as an independent customs service under the supervisory oversight of the Nigerian Ministry of Finance, responsible for the collection of customs revenue, facilitation of both national and international trade, anti-smuggling and border security activities.
The balance is calculated as the value of visible exports less the value of visible imports. If the figure is positive then this is a surplus; it is negative then it is a deficit. [1] Most countries do not have a zero visible balance: they usually run a surplus or a deficit.
Statutorily and administratively, the FIRS has the responsibility for the assessment, collection and accounting of taxes to the Government: [9] The timely provision and publication of accurate data and annual reports to the Federal Government of Nigeria and other stakeholders to inform national economic planning, academic research, tax policy and development legislation [10]
Goods and Services Tax (GST) in Singapore is a value added tax (VAT) of 9% levied on import of goods, as well as most supplies of goods and services. Exemptions are given for the sales and leases of residential properties, importation and local supply of investment precious metals and most financial services. [ 87 ]
Abubakar served the Nigerian Customs Service for 33 years. He headed some of the most sensitive offices and commands in the department, including Comptroller Headquarters under the office of the Comptroller General, Customs Area Controller, FCT Area Command Abuja; Comptroller Post Clearance Audit Zone ‘A’ Lagos; Customs Area Controller Area II Port-Harcourt Onne Port; Customs Area ...
Flames could be seen where a military helicopter made an emergency landing at Camp Pendleton on Friday, causing police to warn drivers of potential traffic delays along Interstate 5. All four crew ...
The level of customs duties is a direct indicator of the openness of an economy to world trade. However, there may also be import barriers that are not based on the levy of duties. The following table shows the tariff rate, in percentages, according to United Nations Conference on Trade and Development (UNCTAD) , [ 1 ] World Trade Organization ...
Kurt the CyberGuy walks through steps he recommends immediately taking after getting new electronics — like phones or TVs — as gifts this holiday season.