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Excise duties

News

Customs uncover four factories evading excise duties payment

…Generates over N4. 627bn in two months By Omobolaji Adekunle, Abeokuta The Ogun II Area Command of the Nigeria Customs Service (NCS) has discovered four manufacturing companies operating businesses in the state without paying the statutory excise duties to the…

NewsDirect
December 14, 2023

Business

Excise duties: Manufacturers to lose N1.9trn in 3 years

The proposed re-introduction of excise duty collection on non-alcoholic drinks would see producers of the items lose up to NGN1.9trillion in revenue sales between 2022 – 2025. Manufacturers Association of Nigeria (MAN) revealed this on Tuesday at MMS Business Discourse…

NewsDirect
November 10, 2021