- 15 Marks
Question
The Nigeria Customs Service (NCS) is one of the major revenue-generating agencies for the Federal Government of Nigeria. The establishment of the Nigerian Customs Service Board, which is under the control of the Federal Ministry of Finance, is contained in section 1 of the Nigerian Customs Service Board Act Cap.C45 LFN 2004 (as amended). The Board is responsible for the administration of the Customs and Excise Management Act.
Required:
Explain the functions and powers of the Board. (5 Marks)
Answer
- Administration of Customs Laws:
- The Board is responsible for administering and enforcing customs laws as stipulated in the Customs and Excise Management Act, ensuring compliance with regulations governing imports, exports, and excise duties.
- Revenue Collection:
- It oversees the collection of customs duties, excise duties, and other revenues on behalf of the Federal Government, contributing significantly to Nigeria’s national income.
- Regulation and Control of Imports and Exports:
- The Board regulates the import and export of goods in Nigeria to control prohibited items, enforce trade policies, and protect local industries.
- Policy Recommendations:
- The Board provides recommendations to the Federal Ministry of Finance on matters related to customs policies, tariffs, and revenue collection strategies.
- Customs and Excise Operations Oversight:
- It oversees the operations of customs officers, ensuring proper management, discipline, and accountability within the Nigeria Customs Service, and ensures that customs processes adhere to legal standards.
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