CUSTOMS DUTY TARIFF OR IMPORT DUTY NIGERIA

CUSTOMS DUTY TARIFF: NIGERIA CUSTOMS SERVICE EXAMPLE

CUSTOMS DUTY TARIFF
CUSTOMS DUTY

What is Customs duty tariff? Are you a miniature importer seeking to know the overall cost before embarking on an importation? Or are you an exporter or Forwarder with a client on Delivered Duty Paid (DDP) trading terms to Nigeria?

One thing is common to the group of persons mentioned above. For the new importer, he is curious, and wants to know if buying locally made goods is more cost effective than importing one. The freight Forwarder without much knowledge of importation clearance in Nigeria needs the help of local Customs Brokers. Vagmon Integrated Services, reachable on mail – info@clearingandforwardingnigeria.com, and on phone – +2349075526276 is a foremost Customs Broker in Nigeria.

Read Also: FORM M NIGERIA: HOW TO PROCESS AND OBTAIN IT

CUSTOMS DUTY TARIFF: WHAT IS PURPOSE OF ARTICLE?

My purpose of writing this article is to demonstrate a straightforward customs duty tariff in Nigeria. The article is experiential, and contains excerpt of work done by our team. Hence, I request you to thoroughly study all things in this article.

CUSTOMS DUTY TARIFF: PROBLEM STATEMENT

Our client writes:

We have been given your reference by one of our associates and would like to seek your assistance for a proposal. We have to handle a consignment at Lagos/Apapa Ports, and onward transportation to internal destinations in Nigeria.

Let’s give details as below and would request your competitive offer to enable us pursue the matter with the Shipper in India:

Product: Water Pump Sets for Agriculture

FOB: USD450, 000

Freight: USD10, 000

HS Code: 84089090

No of Containers: 4 x 40ft

Port of Loading: Mundra

Port of Destination: Apapa / Lagos

Terms of Delivery: DDP Maiduguri

Address of the Consignee: FAO [Food and Agriculture Organisation of the United States], Maiduguri in Borno State, North East Nigeria.

Cargo Weight per each 40ft Container: 12 Tones max per container

Cost of Clearance / Documents required at Sea Port of Destination: Apapa or Lagos as the case may be

Costs at Port of Destination – [THC, Documentation and Clearance]

Transportation Costs from Apapa / Lagos Port to Maidiguri and return of containers at Lagos Port

Custom Duties for the above product

VAT if any for the above product

Time required for the above activities at Port of Destination till the empty container is returned back to the Port.

We shall be obliged to receive your prompt response with detailed quotation to pursue the matter further.

Thanks and Best Regards

CUSTOMS DUTY TARIFF: PROBLEM SOLUTION

Read Also: CALCULATING CUSTOMS DUTY; NIGERIA AS EXAMPLE

Sir,

Kindly see below quote for the above mentioned job description.

ITEM

DESCRIPTION

BASIS

UNIT PRICE (NGN)

TOTAL AMOUNT (NGN)

COMMENT

1.1SON PC/SONCAPPER INVOICETBDTBD
1.2FORM M/PAARPER INVOICE50,000.0050,000.00
1.3MARINE INSURANCE CERTIFICATE0.13% OF INVOICE VALUE201,289.00201,289.00INSURANCE PREMIUM
1.4CUSTOMS CLEARANCEPER CONTAINER150,000.00450,000.00
1.5THCPER OUTLAY220,000.00880,000.00USING CMSCGM STANDARD
1.6SHIPPING COMPANY LOCAL CHARGEPER OUTLAY140,I00.00560,400.00USING CMSCGM STANDARD
1.7CONTAINER DEPOSITPER CONTAINER400,000.001,600.000.00DEPOSIT OUTSIDE LAGOS
1.8CUSTOMS DUTYPER HS CODE 8413810000 AND ITEM VALUE2,405,809.009,623,235.00WE USED BEST HS CODES WITH 5% DUTY RATE, BUT CUSTOMS HAS FINAL SAY
1.9TRANSPORT TO MAIDUGURI AND RETURNPER TRUCK1,400,000.005,600,000.006 DAYS TRAVEL AND RETURN
NOTES:

  1. RATES ARE EXCLUSIVE OF WITHHOLDING TAX (WHT) AND DEMURRAGES
  2. CLEARANCE IS: 2-3 DAYS AFTER DUTY PAYMENT
  3. THE HS CODE IS CHANGED FROM 84089090 TO 8413810000
  4. DUTY RATE IS 5%
  5. EXCHANGE RATE IS NGN306 T0 USD1

WE LOOK FORWARD TO HEAR FROM YOU.

Read Also: CUSTOMS HS CODES NIGERIA: HOW TO FIND HS CODES

In Conclusion:

Customs duty tariff is a function of the HS Code, the Item value and the freight cost. Thus, when asked to estimate duty, we first of all request for establish what the HS Code is and secondly the cost and freight. Vagmon Integrated Services has the expertise to do customs clearance for any item imported into the Nigerian trading space. reach us via our contact us page today. Many thanks for reading this article.

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *