Netizens React To The New Custom Rule ‘4% Charge On All Free On Board Imports’

Netizens React To The New Custom Rule ‘4% Charge On All Free On Board Imports’

The Nigeria Customs Service (NCS) has commenced the enforcement of a 4% charge on the Free On-Board (FOB) value of imports, in line with the provisions of the Nigeria Customs Service Act (NCSA) 2023.……READ MORE 

This announcement was made by Abdullahi Maiwada, NCS spokesperson, in a statement released on Wednesday in Abuja. According to Maiwada, the initiative aligns with legal requirements and is aimed at bolstering the efficiency of customs operations.

Maiwada elaborated on the implementation, stating:

“In accordance with Section 18 (1) of the NCSA 2023, the NCS is applying a 4% charge on the Free On-Board value of imports. This fee is based on the value of imported goods, factoring in both the cost of the goods and transportation up to the port of loading. This measure is essential to enhance the operational efficiency of the service.”

Maiwada also addressed apprehensions surrounding the continued collection of the 1% Comprehensive Import Supervision Scheme (CISS) fee.

“The NCS acknowledges concerns raised by stakeholders regarding the ongoing collection of the 1% CISS fee. This charge plays a regulatory role in funding Nigeria’s Destination Inspection Scheme and complements the newly introduced 4% FOB charge,” he clarified.

He assured stakeholders that consultations are underway with the Federal Ministry of Finance to address these concerns:

“As a responsive agency, we assure the public that extensive discussions are ongoing with the Ministry of Finance to address the issues raised by our valued stakeholders.”

Maiwada urged importers and stakeholders to comply with the directive, emphasizing that the decision was made following broad consultations with industry experts and regulatory authorities.

“All stakeholders are encouraged to support this legally mandated initiative. The measures introduced under the NCSA 2023 reflect a balanced approach, informed by extensive dialogue with industry players, importers, and regulators,” he said.

He highlighted the critical role of stakeholders in shaping the customs framework:

“Their insights and expertise have been crucial in developing a robust legal framework that promotes transparency, efficiency, and innovation in customs operations.”

Maiwada reaffirmed the NCS’s dedication to upholding transparency and fair trade under the leadership of Comptroller-General Adewale Adeniyi.

“The Nigeria Customs Service remains committed to strengthening customs operations and implementing policies that drive Nigeria’s economic growth,” he concluded.