by Stephen Ayemenre | Jun 5, 2019 | Uncategorized
What is Form M has often been an issue to some who requires more detailed explanation. Form M is a mandatory statutory document to be completed by all importers for importation of goods into Nigeria. Form M is inevitable and very fundamental to Customs clearance and...
by Stephen Ayemenre | Jun 5, 2019 | Uncategorized
Calculation of import duty in Nigeria entails payment of import duty based on applicable H.S. code, 7% surcharge, 1% Comprehensive Import Supervision Scheme(CISS), 0.5% ECOWAS Trade Liberalization Scheme(ETLS), and 7.5% VAT which are to be made through one of the...
by Stephen Ayemenre | Jun 5, 2019 | Uncategorized
The guidelines for importers entails that any person intending to import physical goods into Nigeria shall in the first instance process Form M through any Authorized dealer bank irrespective of the value and whether or not payment is involved with the following...
by Stephen Ayemenre | Jun 5, 2019 | Uncategorized
The Nigeria Customs Service may provide the concession to import on temporary basis. Such concession are normally granted for oil rigs, ships, barges and other special equipment of high value, provided that such equipment is not available for purchase/rent in Nigeria....
by Stephen Ayemenre | May 16, 2019 | Uncategorized
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