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Import Duty Nigeria: Government’s New Levy by clearant: 12:28pm On May 22, 2019 |
Import duty Nigeria could mean different thing to different people. Used in a loosed sense of a novice, import duty could embrace a whole lot. The lay man or fresh importer thinks import duty covers all charges payable upon importation. Conversely, import duty is not the only duty or money payable on importation to Nigeria. Other duties come in the form of import levy and value added taxes. What is the difference between import duty and import levy? Are there recent changes with import duty in Nigeria or import levy in Nigeria? This article is prepared to answer all question raised herein. WHAT REALLY IS IMPORT DUTY IN NIGERIA? Import duty Nigeria if you ask me, refers to surface duty. The duty rate in Nigeria ranges from 0 to 35%, depending on the commodity and tariff code. For more detail on surface duty in Nigeria, see my article for: https://www.clearingandforwardingnigeria.com/import-duty-nigeria/ 1 Share
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