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Tag "Import Duty"

CBN to customs: Use official FX rate for import duty

    CBN to customs: Use official FX rate for import duty

The Central Bank of Nigeria (CBN) has directed Nigeria Customs Service (NCS) and other related parties to adopt the closing rate in the official foreign exchange (FX) window for import

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FG exempts LPG importation from VAT, customs duty

    FG exempts LPG importation from VAT, customs duty

The federal government has exempted the importation of liquefied petroleum gas (LPG) and its equipment from the payment of customs duty and value-added tax (VAT). The move is expected to

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Customs: Import duty on cars reduced to 20%

    Customs: Import duty on cars reduced to 20%

The Nigeria Customs Service (NCS) says duty payable on imported cars has been reduced from 35 percent to 20 percent. Timi Bomodi, the spokesman for NCS, confirmed the development to

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NIMASA: FG has approved zero import duty for vessel acquisition

    NIMASA: FG has approved zero import duty for vessel acquisition

The federal government has approved zero import duty for ship owners to acquire vessels to boost the maritime industry. Bashir Jamoh, director general, Nigerian Maritime Administration and Safety Agency (NIMASA),

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Reduced import duty on vehicles ‘will turn Nigeria to dumping ground’

  Reduced import duty on vehicles ‘will turn Nigeria to dumping ground’

The Nigerian Environmental Society (NES), a non-governmental organisation, says the reduction in import duty of vehicles will turn the country

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‘Airlines only exempted from import duty, VAT’ — Customs tackles Air Peace

  ‘Airlines only exempted from import duty, VAT’ — Customs tackles Air Peace

The Nigeria Customs Service (NCS) says airlines are only exempted from paying duty and value-added tax (VAT) on imported aeroplanes

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Customs begins implementation of reduced vehicle import levy

  Customs begins implementation of reduced vehicle import levy

The Nigeria Customs Service (NCS) says it has commenced implementation of the reduced import levy for vehicles. The 2020 finance

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Buhari waives import duty for medical supplies

  Buhari waives import duty for medical supplies

President Muhammadu Buhari has approved that import duty is waived for medical equipment and supplies to “strengthen health infrastructure” in

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Finance ministry: We follow statutory procedures in granting import duty waivers

  Finance ministry: We follow statutory procedures in granting import duty waivers

The ministry of finance says it follows statutory procedures in granting import duty waivers for drugs and health-related commodities donated

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Customs: Verify documents of imported vehicles before purchase

  Customs: Verify documents of imported vehicles before purchase

The Nigeria Customs Service (NCS) has advised people to verify documents of imported vehicles before purchase. Bukar Amajam, area controller,

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