Quick Answer: What Are The Functions Of Customs?

What are the functions of customs and excise authority?

Functions of customs and excise authoritiesCollect revenue for the government by charging customs and excise duties.Collect, keep and analyse records of imported and exported goods and services.Control bonded warehouses to ensure that duty is collected on imported dutiable goods before releasing them..

What are the function of Nigeria Custom?

The Nigeria Customs Service (NCS) is 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 and anti-smuggling activities.

What are the features of custom duty?

What are the features of custom duty?Customs duty is applied to the movement of goods irrespective of sales or purchase.Customs duty is a tax which is applied indirectly by government.Customs duty is applicable only on goods, not on services.Education cess is applied to it too.

What are the duties of custom officer?

Customs officer: job descriptionidentifying people to question on the basis of prior offences/likely risk etc.searching baggage and individuals for smuggled items.making arrests of people suspected of smuggling.seizing smuggled goods.checking documentation relating to imported goods.detecting and prosecuting drug smugglers.More items…

What is custom duty payment?

Custom duty is a type of indirect tax that is levied on all the goods that are imported to the country as well as some goods exported from the country. The duty levied on the former is referred to as import duty while that on the latter is referred to as the export duty.

Why should I pay custom duty?

The customs duty tax is enforced to protect a country’s economy and to control cargo entering and exiting a country.

What are some Nigerian traditions?

10 Traditions Only Nigerians Can UnderstandPre-Marital Introduction Ceremonies, aka “Courtship” No matter how long you’ve been courting your partner, the relationship remains unrecognised until the formal introduction ceremony. … Nwaboy (Servicehood/Apprenticeship) … Child Dedication Ceremony. … Greeting Elders.

What is the role of Customs in international trade?

It comes from the role of customs as a monitoring instrument in international trade and flows. In the international arena, customs plays an important monitoring role in checking the borders for contraband, smuggling and such other non-tax criminal activities. But they may also be tax related.

What is the meaning of custom service?

A “custom service” is a service which is made-to-measure for the customer. This type of service has been designed to provide customers with a product which adapts to their specific needs.

What is basic custom duty?

Basic Duty is a type of duty or tax imposed under the Customs Act (1962). Basic Customs Duty varies for different items from 5% to 40%. … Additional duty also known as countervailing duty or C.V.D is equal to excise duty imposed on a like product manufactured or produced in India.

What are the ranks in Nigeria Custom Service?

Nigeria Custom Service ranksController-General (CG)Deputy Controller-Generals (DCG)Assistant Controller-Generals (ACG)Controllers.

Who is the head of custom in Nigeria?

Colonel Hameed Ibrahim AliColonel Hameed Ibrahim Ali (born 15 January 1955) is the current Comptroller General of the Nigerian Customs Service.