SAN FRANCISCO, October 13, (THEWILL) – The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has recovered over N474 million into the Federation Account from Guinness Nigeria PLC as unremitted excise duty.
A statement by the Commission’s Public Relations Officer Commission, Nwachukwu Christain Mbam said the recovery was part of the Commission’s Verification excise on selected manufacturing Companies in Nigeria that pay excise duty into the Federation account.
He explained that “excise duty is one of the major revenues collected by the Nigerian Customs Service into the Federation Account which is currently recording low revenue generation because of noncompliance by some manufacturing industries”.
Mbam harped on the need to give adequate attention to excise duty paid by manufacturing industries into the Federation account in order to increase revenue inflow to the Federal Government. He further called for the strengthening of collaboration between Nigerian Custom Excise and RMAFC.
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Comptroller General of Nigerian Customs Service, (NCS), Col. Hameed Ibrahim Ali (Rtd) solicited for RMAFC’S support in the recovery of Federal Governments unremitted revenue and urged the Commission to continue its effort in blocking revenue leakages.
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