Customs Threaten To Shutdown Carbonated Drinks Manufacturers
Firms, under the aegis of the Nigerian Association of Small & Medium Enterprises, have accused the Nigerian Customs Service of extortion while implementing the recently introduced N10/litre excise duty on carbonated drinks, write Anozie Egole and Edidiong Ikpoto.
The MSMEs, who are in the production of carbonated drinks, alleged that it would cost a single operator N4.8m every year to complete the registration process and also comply with other mandatory charges imposed by the Nigeria Customs Service.
While speaking exclusively with The media, the immediate past president of the Nigeria Association of Small Scale Industrialists, Segun Kuti-George, faulted the decision of the Federal Government to impose the N10/litre tax on carbonated drinks for manufacturers across board.
According to him, while the large-scale industries might be able to survive the consequences of the excise charge, virtually all MSMEs in the production of carbonated drinks would go out of business under the current excise regime and the demands being levelled by the Nigeria Customs Service.
N10/litre duty: Carbonated drinks manufacturers tackle customs, threaten shutdown.