The Comptroller-General of Customs, Col Hameed Ali, said this at the 2020 budget defence before the House of Representatives Committee on Customs.Before the suspension, a tax of N1.50 per litre of any petroleum product was paid by importers of fuel.
He noted that currently, the same type of tax was being implemented in about 36 countries at an average of $2.24 per gallon. The Custom boss also stated that he had forwarded a proposal for a downward review of vehicle tariff to the Finance Ministry for consideration.He said the service was proposing that Customs duty on imported vehicles should remain 35 per cent while the levy be reduced from the current 35 per cent to between five and 10 per cent.
On the issue of porous border, Ali said Nigeria has about 4,070km of land, adding that in the dry season, the entire part of the North is usually accessible by road.
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