NIGERIA CUSTOMS DUTY REDUCED; FIND OUT HOW
Nigeria Customs duty reduced, how is that possible? Is Nigeria getting better already? At first glance, these questions could resonate your mind. Customs clearing Agents, car dealers and importers have cried out for long over high duty rate on imported used cars. Recently, the cry became even louder with depreciating naira value. Some Agents and […]
VAT INCREASE IN NIGERIA: MORE DUTY?
VAT INCREASE IN NIGERIA: MORE IMPORTATION DUTY LOOMING 2020 VAT increase in Nigeria appears to be long overdue, especially considering the argument that Nigerian VAT is the least. Firstly, what is VAT? Secondly, how does VAT connect the importation duty? Thirdly, what is the federal government plan for 2020? This article will show what the […]
IMPORT DUTY PAYMENT: 20 FEET CONTAINER
Import duty payment is a requirement for virtually all goods imported into Nigeria. Except goods from importers with Import Duty Exemption Certificate (IDEC), all importers pay import duty. Also, some gift items and items with certain predefined HS Codes are exempt from duty in Nigeria. For example, commercial juicer equipment with HS Code 8435100000 is […]
CUSTOMS DUTY TARIFF IN NIGERIA
What is Customs duty tariff? Are you a miniature importer seeking to know the overall cost before embarking on an importation? Alternatively, 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, […]