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How Indians Evade Customs Duty, Abuse Fast Track System - Crime - Nairaland

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How Indians Evade Customs Duty, Abuse Fast Track System by Islie: 9:16am On Feb 09
Indications emerged at the weekend how some Indian companies in Nigeria evade payment of Customs Duty and abuse the Nigerian Customs Services’ Fast Track policy.

Sunday Telegraph learnt that the Nigeria Customs Service (NCS) in line with the Ease of Doing Business policy of the Federal Government put in place the fast track system to enable large volume goods importers and manufacturing companies to take their consignments to their warehouses while the clearing process is going on, but the policy it was learnt, is being abused by some of the companies benefitting from the policy.

This came as Sunday Telegraph learnt that for years, most of fraudulent importers have abused this policy by not following the laid down procedures covering the policy. This is even as our investigation reveals that many Indian multinational companies in the country are involved in the fraud which results in loss of revenue to the government.

It further learnt that these companies not only disregard the rules covering the trade policy, but also use it to import un-customs goods.

Fast Track

NCS in its effort to facilitate trade introduced the fast track policy to assist manufacturers and large consignment importers exit their goods from the port easily and unhindered.

The policy provides that importers’ goods could be moved to their warehouses from the ports while customs 100 per cent examination would be carried out at the warehouse. It also provides that Customs will provide escorts for the containers to the owners’ warehouses with full documentations.

Abuses

A case in point is a chain of Indian companies belonging to one Indian, all these companies (names withheld) are all on fast track due to their large consignment status and as manufacturing and repackaging firm in Nigeria.

But our investigations have revealed that these companies have long neglected the fast track procedure and in the process have been defrauding the Nigerian government of several billions of Naira on imports duty, VAT and other taxes.

In some of the documents sighted by our correspondent, abuses of Customs process and evasion of duty was discovered to have been going on in these companies over the years.

One of such abuses was their shipment on a vessel called Autumne with Bill of Lading number MAEUA 10383508 in 2016. They brought in 4x40ft containers. The containers were declared as powdered milk in jumbo bags.

According to our findings, the containers were moved from Apapa Port to their Ibeju Lekki office of the company without Customs escorts and no 100 per cent examination of the containers were carried out by the Customs in their premises as specified by the fast track guidelines.

It was also discovered that accurate duty was not paid by the company a trend that has been going for years till now.

An inside source in the company also hinted our correspondent that sometimes un-customs goods are brought in by the company which is not within their jurisdiction.

The source also said that the companies hide under the Free Trade Zone (FTZ) status to further evade Customs taxes they are supposed to pay to Federal Government.

https://www.newtelegraphng.com/how-indians-evade-customs-duty-abuse-fast-track-system/

3 Likes

Re: How Indians Evade Customs Duty, Abuse Fast Track System by gtrust: 9:27am On Feb 09
Serious allegations

3 Likes 1 Share

Re: How Indians Evade Customs Duty, Abuse Fast Track System by GamalNasser: 9:31am On Feb 09
Fast track is a good policy , instead of blaming the Indians the customs should look into it's corrupt officers who are the ones that allow the Indians to evade the proper tax in exchange for kick backs

259 Likes 15 Shares

Re: How Indians Evade Customs Duty, Abuse Fast Track System by princemillla(m): 9:42am On Feb 09
You can't even try this nonsense in their country.

63 Likes 4 Shares

Re: How Indians Evade Customs Duty, Abuse Fast Track System by Maxymilliano(m): 9:48am On Feb 09
It is peculiar to most importers, and not just the Indians owned conglomerates.

The loop holes in the Fastrack system couldn't have been exploited without active connivance and involvement of Custom officers.

Blame the government regulators, and not the players in the industry.

I think the company involved is The Tolaram Group.

60 Likes 1 Share

Re: How Indians Evade Customs Duty, Abuse Fast Track System by BuhariAdvocate: 9:50am On Feb 09
First time you will make sense in your lifetime.
GamalNasser:
Fast track is a good policy , instead of blaming the Indians the customs should look into it's corrupt officers who are the ones that allow the Indians to evade the proper tax in exchange for kick backs

8 Likes

Re: How Indians Evade Customs Duty, Abuse Fast Track System by backnbeta(f): 9:55am On Feb 09
Why blame the indians and other importers when custom officers have been receiving bribes at the expense of Nigeriansundecided

60 Likes 1 Share

Re: How Indians Evade Customs Duty, Abuse Fast Track System by SultanOfPuna: 2:37pm On Feb 09
Dre
Re: How Indians Evade Customs Duty, Abuse Fast Track System by Thisis2raw(m): 2:38pm On Feb 09
Indians are another set of trickish people

20 Likes 1 Share

Re: How Indians Evade Customs Duty, Abuse Fast Track System by kittykollinxx(m): 2:38pm On Feb 09
There are criminals everywhere
Re: How Indians Evade Customs Duty, Abuse Fast Track System by iCauseTrouble: 2:38pm On Feb 09
Indians, Chinese and Lebanese are our problem in this country. We should stop giving these people free visa

16 Likes

Re: How Indians Evade Customs Duty, Abuse Fast Track System by ednut1(m): 2:38pm On Feb 09
Always looking for who to blame
Re: How Indians Evade Customs Duty, Abuse Fast Track System by datola: 2:38pm On Feb 09
Nigeria's issues are so complicated that blaming only some Indian companies will amount to paying lip service to the real issues.

4 Likes 1 Share

Re: How Indians Evade Customs Duty, Abuse Fast Track System by Captainrambo2: 2:40pm On Feb 09
Nigeria is a shithole

1 Like

Re: How Indians Evade Customs Duty, Abuse Fast Track System by seunmohmoh(f): 2:40pm On Feb 09
Only in Nigeria

1 Like

Re: How Indians Evade Customs Duty, Abuse Fast Track System by DrNueLpureHoney(m): 2:40pm On Feb 09
DX people eeh....9jà govt tends to be weak in taking actions whenever foreigners are involved....if you try such in India... You go see anyhow

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1 Like

Re: How Indians Evade Customs Duty, Abuse Fast Track System by AmazingDesigns: 2:41pm On Feb 09
cheesy
Re: How Indians Evade Customs Duty, Abuse Fast Track System by Dozie32: 2:41pm On Feb 09
See as this mumu homosexuals just dey behave for this Una country, because say naija don cast..but you no go fit try am for their poor country

1 Like 1 Share

Re: How Indians Evade Customs Duty, Abuse Fast Track System by 9jamag(m): 2:42pm On Feb 09
no be today matter...


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Re: How Indians Evade Customs Duty, Abuse Fast Track System by Chronicle222: 2:42pm On Feb 09
.
Re: How Indians Evade Customs Duty, Abuse Fast Track System by NotBeenPaid: 2:42pm On Feb 09





"Bribery" happened not the Indians






5 Likes

Re: How Indians Evade Customs Duty, Abuse Fast Track System by omoyankee3(m): 2:43pm On Feb 09
kk
Re: How Indians Evade Customs Duty, Abuse Fast Track System by thundafire: 2:43pm On Feb 09
The can't Dodge without collaboration from within

2 Likes

Re: How Indians Evade Customs Duty, Abuse Fast Track System by tolumizzy(m): 2:44pm On Feb 09
Madooo
Re: How Indians Evade Customs Duty, Abuse Fast Track System by chrisxxx(m): 2:44pm On Feb 09
Indians
Re: How Indians Evade Customs Duty, Abuse Fast Track System by solmus: 2:44pm On Feb 09
cool



If nigerians abuse the law globally as Indians and Chinese Trump would have nuked us or the white supremacist hitting us with multiple ban

*Drug courier and trafficking, Nigerians are not even on the top 1-5 nation
*Same as top Countries dealing in cyber crime we are not on 1-10 list
*Countries with most prostitute sef we aint 1-10

.

2 Likes

Re: How Indians Evade Customs Duty, Abuse Fast Track System by Ghostmode2two(m): 2:44pm On Feb 09
I don't blame the Indians for gruesomely invading tax because I am 100% sure that some corrupt NCS guys are their collaborators

1 Like

Re: How Indians Evade Customs Duty, Abuse Fast Track System by Fragility6: 2:44pm On Feb 09
Thisis2raw:
Indians are another set of trickish people
Bt na Nigeria own everybody carry 4 head pass. I no blame dem sha. Afterall na we dey annouce our flaws 4 head as if oda countries no get ish too
Re: How Indians Evade Customs Duty, Abuse Fast Track System by DropsMic(m): 2:44pm On Feb 09
Smg

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