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JAMB Commerce 2006 Question 44

Question 44

Foreign Trade

The Customs and Excise Department is responsible for the collection of

  1. A.royalties
  2. B.tariffs
  3. C.taxes
  4. D.charges.
Show the answer and explanation

Answer: B (tariffs)

Explanation

Customs collects import and export duties (tariffs) on goods crossing the border, and excise duties.