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Monday, October 11, 2010

Seme Customs nets N443m revenue in August

The Nigeria Customs Service, Seme Border Command generated N443 million as revenue in August.

The Area Comptroller of the command, Alhaji Maitama Kura said the amount came from duties, Value Added Tax , fines and levies.

Kura said the seizures for the month were 22 with a Duty Paid Value of N54.7 million.

The seizures include textiles, vehicles, poultry, rice, vegetable oil, wine, fruit juice and soaps, he said.

The command's revenue for August was below that of July which was N487.1 and 49 seizures with a DPV of N48.4 million.

The command spokesman, Ernest Olotah, also said the reduction in revenue for August was due to a drop in the importation of goods.

The issue of revenue is a fluctuating one, it is not static. The more the importation, the more the possibility of generating higher revenue, he said.

The command had between January and August generated N4 billion.

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