Foreign Trade contd II

Commerce SSS1 Second Term

WEEK  9

Foreign Trade  contd II

Performance Objectives

The student should be able to:

    1. List the functions of custom exercise.

    2. Mention Nigeria export promotion council.

Content

Functions of Customs and Excise Authorities

West Africa's Customs and Excise Authorities, like their counterparts in other parts of the world, perform some very important functions among which are the following:

a. Control: They check the movement of goods entering or leaving the country where they operate. This is to make sure that banned goods are not imported or exported.

b. Revenue: The collection of revenue through customs duties and excise taxes is the responsibility of customs authorities. Customs duties are the taxes placed…