CBN 41 ITEMS LIST FREE TO ACCESS FOREX
CBN 41 items list were restricted from foreign exchange following the interbank market. Importers of items on the list were to seek approval from CBN, stating their source of funds. In our article for CBN 41 items not valid for forex, we gave a point-by-point guide on how to import listed commodities. The CBN at […]
PRICE VERIFICATION SYSTEM (PVS): HOW TO PROCESS IT
Price verification system (PVS) is a system created by the Central Bank of Nigeria (CBN) as a build-up to the controversial e-valuator. Like every new system, the introduction of price verification system has created a lot of confusion. Many importers and exporters are confused what exactly the PVS is. While some are wondering if PVS […]
NERC IMPORTATION PERMIT: HOW TO PROCESS IT
NERC importation permit is permit to import power-generating sets. The Nigeria Electricity Regulatory Commission (NERC) is responsible for issuance of NERC importation permit. What are the requirements to obtain NERC import Permit? What is the cost of NERC permit? This article will answer in a straight-to-the-point manner how to process NERC permit. In addition, you […]
DUTY EXEMPTION IN NIGERIA: HOW TO PROCESS IT
Duty exemption in Nigeria or import duty exemption in Nigeria is indeed a good incentive from the government. What really is import duty exemption in Nigeria? Are all imports qualified for duty exemption? If not all products are suitable for import duty exemption, what products are? How can you process duty waiver for suitable goods […]
BILL OF LADING NIGERIA: WHAT TO KNOW
Bill of lading Nigeria is a title we are using intentionally to indicate our focus on goods going into Nigeria. However, this information for bill of lading Nigeria is a comprehensive information about the bill of lading in general. The article is a sort of compendium of what the bill of lading is. Consequently, we […]
CLEARING ROLLS-ROYCE CARS NIGERIA
Clearing Rolls-Royce cars Nigeria means submitting import papers to Customs and other agencies of government. In addition, this process involves payment of statutory fees and taxes. Clearance vendors carry out clearance activities to bring out import goods from Customs control to the importer. The following are what you pay to clear cars in Nigeria: First, […]
CLEAR RAM CARS NIGERIA: HOW MUCH?
Clearing Ram cars Nigeria is for lovers of Ram cars. We love our ardent readers so much, and like to inform them. The ultimate goal in putting this piece together is to enable Ram car lovers have ideas of overall clearance cost. Thus, in the table below, calculating total clearance fee in Naira (CLRG) is […]
CLEARING PORSCHE CARS NIGERIA
Clear Porsche cars Nigeria looks at the cost of bringing Porsche cars from Customs controlled warehouse to the importer. In the below table, we have the model, year of manufacture (YR), the ex-factory or Customs value (XF). Thus, we are able to estimate the total clearance cost (CLRG) cost using standard formula and from experience. […]
COST CLEARING PEUGEOT CARS IN NIGERIA
Cost clearing Peugeot cars is comprehensive, yet from our experience only, and does not represent any authority. The total cost clearing Peugeot cars combines the following: Firstly, duties and taxes payable to the federal government of Nigeria. Secondly, shipping company local handling charges Thirdly, terminal or warehouse local handling charges In addition, clearing charges by […]
COST CLEARING NISSAN CARS IN NIGERIA
Cost clearing Nissan cars uses standard duty calculation formula to estimate what is payable on import of Nisan cars in Nigeria. The assumption is that all cars pay surface duty with 20% rate, 15% levy and 7.5% VAT. Furthermore, the exchange rate usable between Naira and dollar is the prevailing Customs import rate of the […]