Business

Customs launches advance ruling system to improve trade, revenue collection 

The Nigeria Customs Service (NCS), on Thursday in Abuja, launched its Advance Ruling System to improve trade facilitation.

Additionally, the NCS held a stakeholder engagement event to promote a mutual understanding of its programs and support the implementation of the system.

The Comptroller General of NCS, Adewale Adeniyi, speaking at the event, said the initiative is intended to foster a more transparent and predictable business climate for stakeholders.

Adeniyi highlighted that advanced ruling is an essential tool that enables traders to receive binding decisions from customs administrations regarding the classification, origin, and valuation of goods prior to importation.

New system aligns with President Tinubu single window policy.

The Comptroller General characterized the system’s launch as timely, aligning with President Bola Tinubu’s administration’s policy directive to enhance trade facilitation for legitimate traders.

He noted that the implementation was particularly timely given the substantial number of disputes the service managed between 2020 and 2023.

He mentioned that of the 34 disputes during this period, 31 have been resolved, with three cases still outstanding.

The advance ruling system is sponsored jointly by the Global Alliance for Trade Facilitation and the European Union-World Customs Organizations (EU-WCO) Rules of Origin (RoO) Africa Programme.

This initiative includes training for NCS personnel that took place in January, focusing on advance ruling skills concerning rules of origin.

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