Section 9: Establishment of Duty Draw-back Committee

(1) There is hereby established a Duty Draw-back Committee (in this Act referred to "the Committee") which shall advise the Nigerian Export Promotion Council on the formulation of regulations for the efficient operation and administration of the Duty Draw-back, Duty Suspension and Manufacture-in-Bond Schemes.
[1992 No. 65.]
(2) The Committee shall consist of a representative each of-
(a) the Nigerian Export Promotion Council;
(b) the Standard Organisation of Nigeria;
(c) the Central Bank of Nigeria;
(d) the Bankers' Committee;
(e) the Federal Ministry of Commerce;
(f) the Federal Ministry of Finance;
(g) the Manufacturers Association of Nigeria; and
(h) the Nigerian Customs Service.
[1992 No. 65.]
(3) Without prejudice to the provisions of subsection (1) of this section, it shall be the duty of the Committee to-
(a) fix the unit or rate of duty draw-back for each export product;
(b) fix the rate of reimbursement of import duties, levies, surcharges or export duties paid in respect of all imports, including raw materials, components and packaging materials used in export production;
(c) fix the rate of reimbursement on excise duties paid in respect of all export products and components of export products;
(d) grant, to the exclusion of any other government body or authority, to qualified exporters benefits and entitlement in respect of the suspension or refund of import duties, levies, surcharges and export duties payable or paid in respect of all imports, including raw materials. components and packaging materials used in export production or excise duties payable or paid in respect of all export products and components of export products.
[1992 No. 65.]