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WAEC Commerce 2021 Question 18

Question 18

Foreign Trade

The collection of import duty is a function of the

  1. A.ports authority.
  2. B.marketing boards.
  3. C.clearing and forwarding agents.
  4. D.customs and excise authority.
Show the answer and explanation

Answer: D (customs and excise authority.)

Explanation

The customs and excise authority (e.g. Nigeria Customs Service) assesses and collects import duties. Clearing and forwarding agents help importers clear goods but do not collect duty for the government.