Search results
Results From The WOW.Com Content Network
The Ministry of Transportation is a branch of the federal government of Nigeria responsible for watching the movement of people and goods across the country. Sa'idu Ahmed Alkali is the Minister of Transportation. [2] The ministry oversees road vehicles, aviation, and rail transport. [3] [4]
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 tariff has been used as a political tool to establish an independent nation; for example, the United States Tariff Act of 1789, signed specifically on July 4, was called the "Second Declaration of Independence" by newspapers because it was intended to be the economic means to achieve the political goal of a sovereign and independent United ...
This will help the country diversify its sources of income away from oil, and connect rural and underserved communities to commercial centres. Moreover, planned intra-city mass transit projects are expected to improve the quality of life for Nigeria’s 102.8m urban residents. [1]
The traditional function of customs has been the assessment and collection of customs duties, which is a tariff or tax on the importation or, at times, exportation of goods. Commercial goods not yet cleared through customs are held in a customs area , often called a bonded store , until processed.
Tariff Act can refer to the following: United States. Hamilton tariff (1789) Morrill Tariff (1861) Tariff of 1883; McKinley Tariff (1890) Wilson–Gorman Tariff Act (1894) Dingley Act (1897) Payne–Aldrich Tariff Act (1909) Revenue Act of 1913; Fordney–McCumber Tariff (1922) Smoot–Hawley Tariff Act (1930) Reciprocal Tariff Act (1934) Trade ...
A tariff or tariff schedule is a special type of contract between a regulatory agency, such as a public utilities commission or a government such as a municipality, and a business, to provide a product or service to the public, often in exchange for being granted an exclusive franchise to provide the tariffed product or service within an exclusive area.
Customs valuation is the process whereby customs authorities assign a monetary value to a good or service for the purposes of import or export. Generally, authorities engage in this process as a means of protecting tariff concessions, collecting revenue for the governing authority, implementing trade policy, and protecting public health and safety.