How to Calculate Customs Duty Charges in Nigeria: A Step-by-Step Guide
What is Customs Duty in Nigeria? Customs duty is a tariff imposed by the Federal Government of Nigeria through the Nigeria Customs Service (NCS) on goods imported into the country. Whether you’re importing from China, the U.S., or Europe, customs duty is a mandatory charge you must pay to clear your shipment at any Nigerian […]
Retail Sale Price Under Import Duty Calculation
The retail sale price is important to businesses because it is used to calculate import duty. Import duty is a tax that is levied on goods that are imported into a country. The amount of import duty that a business must pay is based on the value of the good or service, as well as […]
How to Recover your package when seized by Customs
It is already a fact that no importer or exporter moves around internationally without having an encounter with the Customs officers. Most times, you sail through without issues, but others are not as lucky. In this post, we show you how to reclaim your package from Customs if your package has been seized by them. […]
5 Most Important Import Documents Required for Customs Clearance
Everything in Customs Clearance is about proper documentation. To this, no importer can do without dealing with customs documents. As a matter of fact, customer clearance involves the preparation and submission of documents required to facilitate export or imports into the country. Understanding the documents for Customs Clearance is essential to our everyday understanding of […]
Duty Underpayment: How to Escape its Penalty Associated with Customs Debit Note
Have you ever heard about a Customs Debit Note or ever being issued a notification of duty underpayment by the Nigeria customs? We explain in this post how to avoid customs debit note. A customs debit note usually come to fore during customs clearing processes where there is an inappropriate presentation of consignment […]
How to Process and Obtain Form M in Nigeria
In this post, we put together a simple guide on how to obtain Form M, why it is important for importation, how it is processed and obtained in Nigeria. The process of obtaining and processing the Form can be quite easy. It, however, requires adequate steps to get through. This requires accessing the right channels […]