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Guidelines for Importers
Temporary Importation (T.I)
Incoterms
HSE Policy
Calculation of Import Duty
What is Form M?
Ports & Airports in Nigeria
Shipping Lines & Agents
ASYCUDA Registration
NAFDAC Reg. (Food/Pharm)
NEPA Import Permit
NAFDAC Reg. (Chemicals)
 
 

Payment of import duties, 7% surcharge, 1% administrative charge, 0.5% ECOWAS Trade Liberalisation Scheme(ETLS), and 5% VAT are to be made through one of the banks designated by the Federal Government for the Customs Area of Importation. This can be done by bank draft or by bank transfer.

Example with 20% import duty:

- FOB value = 80.00
- Freight = 20.00
- CIF = 100.00

Import duty - 20% on CIF
20.00
7% surcharge on duty
1.40
0.5% TLS levy on CIF value
0.50
1% CISS fee on FOB
0.80
2% NAC levy on CIF (or others, if applicable)
2.00
5% VAT on all above + CIF
6.24
Total payable to Customs
30.94
Landed cost of item in Nigeria
130.94

Banks to pay Import Duty

To enhance the monitoring of the import duty scheme, Shipping lines and Airlines are requested by law to always state the Form M and CRI Number for each consignment on the ship’s/aircraft’s manifest and on the bill lading or airway bill for all import shipment to Nigeria before such manifest are submitted to the Nigeria Customs Service Department.

 
 

 

 
 
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