Tag: Import Duty
Federal Government grants 150-day duty free import window for food commodities
...Husked brown rice, wheat, maize and cowpea included in the list
...The President also mandated engagement of relevant stakeholders to set a Guaranteed Minimum Price...
Nigeria Customs Service approves 90-day window to importers to regularize import...
...The Nigeria Customs noted that vehicles seized and condemned will not be released under this arrangement and shall be forfeited to the Federal Government...
CPPE highlights the ugly impact of customs exchange rate for computation...
...Greater incentives for smuggling
...More industries that are dependent on the imported raw materials may shut down.
...Customs revenue may decline as imports through official channels...
