The Nigeria Customs Service (NCS) has announced the implementation of a 4% charge on the Free On-Board (FOB) value of imports, aligning with the provisions of the Nigeria Customs Service Act (NCSA) 2023.
Compliance with NCSA 2023
NCS Spokesman, Abdullahi Maiwada, disclosed this in a statement issued on Wednesday in Abuja. He emphasized that the directive is in strict adherence to Section 18 (1) of the NCSA 2023.
“In line with the provisions of Section 18 (1) of NCSA 2023, the NCS is implementing a 4 per cent charge on the Free On-Board (FOB) value of imports.
“The FOB charge, which is calculated based on the value of imported goods, including cost of goods and transportation expenses incurred up to the port of loading, is essential to driving the effective operation of the service.”
Addressing Stakeholder Concerns
Maiwada acknowledged concerns from stakeholders regarding the continued collection of the 1% Comprehensive Import Supervision Scheme (CISS) fee.
“It is a regulatory charge imposed for funding Nigeria’s Destination Inspection Scheme alongside the 4 per cent FOB charge.
“As a responsive government agency, the service wishes to assure the general public that extensive consultation is ongoing with the Federal Ministry of Finance to address all agitations raised by our esteemed stakeholders,” he said.
Stakeholder Compliance and Support
He urged all stakeholders to comply with the directive, emphasizing that it was developed after thorough consultation with relevant industry players and organizations.
“All stakeholders are urged to support this legally binding initiative.
“As the measures introduced in alignment with the NCSA 2023 reflect a balanced approach born out of extensive consultations with industry players, importers, and regulatory bodies,” he said.
He also highlighted the vital role of stakeholders in shaping and implementing the NCSA 2023, underscoring their contributions in fostering a robust legal framework that enhances efficiency, promotes innovation, and strengthens transparency in customs operations.
Commitment to Transparency and Fair Trade
According to Maiwada, under the leadership of the Comptroller-General, Adewale Adeniyi, the NCS remains dedicated to ensuring transparency, promoting fair trade practices, and enhancing efficient revenue management.
For the latest updates on customs policies and trade regulations, stay connected with our platform.
