Monday, December 15, 2014

Customs Rejects 14,259 PAAR In One Year

About  14, 259 Pre-Arrival Assessment Reports (PAAR) have been rejected by the Nigeria Customs Service (NCS) since it took over the scheme from the former scanner service providers (SSPS) last year.

The documents were rejected following several violations of the laid down rules and regulations guiding the issuance of PAAR.

Similarly, not less than  N950.1 billion was collected NCS as revenue into the federation account from January to November 2014.

The figure collected by the service which oversees Nigeria’s premier port, Apapa Quay, Lagos,  showed that the amount is 23.4 per cent higher than the N769.3 billion collected in the corresponding period of 2013.

These were disclosed by the NCS, Customs Area Controller, Apapa Area Command, Comptroller Charles Edike.

He said in addition to the amount collected, the NCS also saved the country N36.9 billion collected under the one per cent Comprehensive Import Supervision Scheme (CISS), which would have been paid to the three former destination service providers.

Speaking on “The effect of the Pre-Arrival Assessment Report (PAAR) on the Nigeria Economy”, Edike said notwithstanding initial teething problems, the NCS has been able to overcome the challenges experienced at the introduction of PAAR in December last year, as it has so far received and processed 201,330 requests out of which 188,424 were finally released and 108,169 uplifted with a total Cost Insurance and Freight (CIF) value of N5.6 trillion.

Edike, who spoke on the sidelines of the formal inauguration of the new executives of Maritime Reporters Association of Nigeria (MARAN) led by Ifenyinwa Obi, said the new clearance procedure had not only increased the revenue profile of the service; it has helped in reducing cost and time of clearance of goods at the port, thus facilitating trade.

According to him, NCS has gained the recognition of the World Customs Organization (WCO) as a result of the successes recorded by the development and introduction of PAAR.

He however noted that the biggest challenge of the new clearance procedure is lack of compliance to trade regulations by importers as a total of 14, 259 PAAR have so far been rejected.

He said the non-compliance of importers is the reason why some PAAR documents are queried.

“The biggest challenge is compliance. Your PAAR will not be queried so long as you are transparent and do not cut corners. But when you want to cut corners, your PAAR will be queried because the system is robust enough,” Edike said.

http://shipsandports.com.ng/customs-rejects-14259-paar-in-one-year/

Exchange Rate Losses: Save yourself from Financial Bleeding!!!


Thursday, December 11, 2014

Shippers Urge Customs To Minimise Queries On PAAR

 
The President, Shippers’ Association Lagos State, Mr Jonathan Nicol, on Wednesday decried the number of queries the Pre-Arrival Assessment Report (PAAR) on cargo attracts from Nigeria Customs Service (NCS).

Nicol told the News Agency of Nigeria NAN) in Lagos that the shippers expected the Customs to reverse the query system as this action could facilitate cargo clearance within 48 hours.

“PAAR had a teething problem when they started. It was a better idea that the Nigeria Customs Service should do its statutory function.

“So Shippers’ Council supported it from inception, knowing full well that as a family we work together and support one another.

“We felt we needed to give customs the backing we did. I would say by and large, the PAAR regime is working well.

“But with just one exception that they should stop querying their own documents.

“Before you issue PAAR, you should have got all the relevant documents relating to that shipment.
“ And whoever is checking the last document, that is, the invoice, should check it properly.

“ You can even log on to the internet; you don’t have to be in a hurry to issue out the PAAR when you have suspicion on a particular consignment.

“But the moment you issue that PAAR, it is assumed that what you give out to the importer is a correct document.’’

He said further: “That is the professional thing. We believe that queries on PAAR should be minimal.”

According to him, the queries on PAAR should not be more than10 per cent of the total PAAR the Customs issues to its clients.

“We are not comfortable with the Customs officials querying their documents and they are still defending that it is not wrong.” (NAN)

http://leadership.ng/business/394202/shippers-urge-customs-minimise-queries-paar

Wednesday, December 10, 2014

EXPORT PROMOTION IN TERTIARY INSTITUTIONS (The EPITI Project) IN NIGERIA


Dear readers, 
We will like to intimate you with the details of our new initiative to promote export in Nigeria right from the Citadel of learning. This is aimed at creating jobs, reducing unemployment and consequently poverty in Nigeria. We will appreciate if you can be part of this and we will also like to say that No amount is too small.

As part of our objective to promote export business in Nigeria, 3T Impex is launching a strategic programme to grow an export oriented generation by educating and exposing the youth in tertiary institutions all over Nigeria to relevant export business information. This is aimed at sensitizing them on the immense opportunities that abounds in the non-oil export sector of the economy and how they can benefit profitably from it as a student (during their holidays) and as a young graduate. This will consequently reduce the unemployment rate in the country and help create young, skillful, vibrant and well equipped export trade entrepreneurs. This initiative is aimed at creating more Jobs (by self employed young graduate in export business), thus reducing poverty and consequently improving our economy via the growth of GDP that would result from massive exportation.

The EPITI Project
To achieve this feat, we have come up with a programme called Export Promotion In Tertiary Institutions (The EPITI Project). To execute this project, we have put together a a book titled Export Business Made Easy (it comes with a CD titled the ABC of Export. This CD contains 2hours of disseminating export information in mp3 format which is divided into 12tracks on an Audio CD). We therefore need sponsorship of the production, packaging, campus launch through free export seminars and the distribution of the product during the seminar.

The EPITI Project will be launched in at least one major campus in each of the 36 states of the federation including Federal Capital Territory. Our target is to reach at least 10,000 students in each of the states in the federation. Our estimation of the total cost per is N2,000 per book. This covers the cost of production, packaging, campus publicity and product launch through free export seminars and the distribution of each of the book. Altogether, we intend to produce and distribute a total of 500,000 copies of this product for free.

We are therefore soliciting for partnership with your organization to sponsor this project in part or in whole as part of the organization’s contribution to the growth of the Nigerian GDP through exportation, sustainable employment generation and drastic reduction in the poverty level across the country.
 
Area of Sponsorship
The Sponsorship of The EPITI Project has been segmented to enable each organization sponsor different aspects of the project based on their area of interest, region and capital.  A sponsor can therefore limit its sponsorship to:
1.     A particular state
2.     A particular geopolitical zone
3.     A particular amount
4.     A particular number of copies of the book
5.     A particular area of the logistics (Production, packaging, publicity, transport etc)
Depending on the area of interest of each sponsor, the breakdown of all the cost implications will be made available to each partner in this project upon request.

Benefit to the Sponsor
Considering the fact that this project is going to cover every state in this country with a target of about 10,000 students in each state, the products and services of each sponsor will be given immense publicity through:
1.      Their logo which will be printed on the book and CD pack/sleeve
2.     Distribution of their handbills and fliers on all the campuses
3.     A short presentation of their products and services before the students during the free seminar.

Long Live Federal Republic of Nigeria!!!