PAAR: Customs grants concession to 114 companies

The Nigeria Customs Service (NCS) has granted concession to 114 companies in its fast-track concession platform created to enhance its Pre-Arrival Assessment Report scheme. Comptroller General of the Service, Alhaji Abdullahi Dikko Inde, gave the approval to the companies in a press statement signed by the Public Relations Officer of Customs, Wale Adeniyi.
CG  Dikko had stated that the concession was given to encourage compliance in the conduct of international trade in Nigeria.
The beneficiaries admitted into the fast track scheme include local manufacturing companies, multinationals, auto mobile companies, telecom operators and super-market retail outlets.

The Customs CG, however, said that the list will be reviewed periodically subject to the performance of the importers on the compliance scale. The beneficiaries according to him, will also be published in national dailies to enable Nigerians know those doing right.
“We believe publishing it will challenge those listed not to engage in acts that will compromise their status, while putting pressure on those that are yet to make the list,” he said.

“We have observed over time that these companies have exhibited high level of diligence in their documentations, honesty in their declarations and integrity in dealing with customs,.” He further said.
He added that under the fast track scheme, the PAAR system has been configured to accord special recognition to the final documents belonging to the beneficiary companies when they are uploaded by the dealer banks.
He explained that once the verified documents hit the customs system, an automatic system check is activated, which on completion will generate the PAAR without recourse to officers at the ruling centre.

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