PRE-SHIPMENT INSPECTION OF EXPORTS ACT
Section 14: Establishment, etc., of special account by the Central Bank
(1) There shall be established and maintained at the Central Bank a special account for the purpose of this Act.
(2) There shall be paid and credited into the special account established pursuant to subsection (I) of this section the levies payable by exporters of goods on all oil and non oil exports as may be approved in guidelines issued pursuant to this Act by the Federal Government, from time to time.
(3) All expenses relating to the remuneration, fees and other charges payable to the inspecting agents shall be defrayed from the special account.
(4) Any balance remaining in the special account after making the payments referred to in subsection (3) of this section shall be used to fund the pre-shipment inspection programme established pursuant to this Act.
Cite this section
Section 14, PRE-SHIPMENT INSPECTION OF EXPORTS ACT (1996).
https://repo.podus.ai/laws/pre-shipment-inspection-of-exports-act/section/14/