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Nairaland Forum / Nairaland / General / Autos / Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port (12134 Views)
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Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by kaysy(m): 5:55pm On Feb 17, 2020 |
How to calculate Total Cost of Clearing vehicles at the Tincan Island Port via RORO Example of how to calculate the Import Duty of your vehicle, let’s say Toyota Corolla 2004. SOLUTION: The CIF Value of a used Toyota Corolla 2004 is usually around $1,886 (Kindly take the amount you purchased your vehicle as your CIF Value for that vehicle) Also note that CIF Value is usually in US Dollar, so if the cost of your vehicle at the country you are buying from is not in USD, please convert it to USD at https://www.xe.com/ The exchange rate the Nigerian Custom Service (NCS) uses at the moment is N405. The Rate of Duty for Vehicles is currently 35% of CIF Value. So let’s convert the CIF Value to Naira, $1886 X 405 = N763,830 Let’s get the 35% of N763,830. Which is N763,830 X 0.35 = N267,340.5 Now N267,340.5 is your Import duty which is called the surface value. This surface value is negotiable, you can negotiate this with the custom officers to reach a minimal acceptable value and the lower you bid the price, the higher settlement you pay to the NCS Officer, but the NCS Officer will not accept it when you bid below the least acceptable value, so basically at this point you can decide what you want to pay but it must not go below the minimal acceptable value, once an agreement is reached, the NCS Officer will proceed to issue you valuation. After the surface value is sorted out, an agreement is reached and valuation issued, the next is to add VAT and others to the value given, now to get the total amount u are to pay to NCS account including VAT, Surcharge & ETLS, we have to multiply our surface value with a constant value of 1.38. That will give us N267,340.5 X 1.38 = N368,929.89 This is your total import duty. Other Charges Includes: These are estimated values based on experiences from previous jobs. Shipping company Fee, Terminal Charges, Release & Gate + all other miscellaneous payments made to custom officers, depending on the type of human being / officer your work is assigned to. Budget around N100,000 to N150,000 for vehicles between 2008 and older Budget abround N151,000+ to N250,000 for vehicles between 2009 and 2012 Budget around N251,000+ to N400,000 for vehicles between 2013 and newer PLEASE NOTE THAT THIS DOES NOT INCLUDE DEMURRAGE SHOULD THE VEHICLE INCUR DEMURRAGE CHARGES. Clearing Agent Fee is dependent on the shipping line and it’s opened to negotiations if the vehicles to clear are more than one. Grimaldi Line - N80,000 Sallaum Line - N100,000 Visit our office at Tincan Island with photocopy of your Bill of Lading / Telex Release let’s start the process and clear your vehicle today. Call / WhatsApp me on 0 8 0 2 4 1 0 2 5 5 4. We'll strongly recommend u visit our office in person or send someone to come and see exactly how everything is being done here, once the car has been cleared and released from terminal, we hand it over to you. THIS DOCUMENT WAS LAST UPDATED ON THIS 14TH DAY OF AUGUST, 2021 14 Likes 2 Shares
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Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by Oowel(m): 6:35pm On Feb 17, 2020 |
This is really informative. Thanks Bro... |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by uchman(m): 7:34pm On Feb 17, 2020 |
Hello as 2004 Corolla's CIF is $2194, does it mean every 2004 car will have CIF of $2194? How can one know the CIF of each car? |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by kaysy(m): 7:45pm On Feb 17, 2020 |
@Uchman, most likely yes, cars within that model will be charges same value. However there is something called compromised value which can be used to reduce that value for u, more discussions on the compromised value will be discussed physically when u visit our office at Tincan cos its not everyone that wants it that way. You can't know the CIF value for all vehicles cos the tariff sheet is with customs, just ask me for any vehicle, I'll check if we have cleared similar vehicle then I'll give u the value on the invoice we have. 4 Likes 1 Share |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by ndcide(m): 7:52pm On Feb 17, 2020 |
Mehn!!!! These money big oooh |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by boladale123: 8:12pm On Feb 17, 2020 |
Please how much can you clear 2005 Camry and solara 2006? |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by kaysy(m): 8:47pm On Feb 17, 2020 |
boladale123: Same value as the 2004 Corolla I posted above. If u want it compromised, Chat me on WhatsApp let's talk. Compromised value brings the fee down but u'll rarely see an agent that will tell u this. |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by calculation(m): 9:54pm On Feb 17, 2020 |
kaysy: If this is true, then you do well. In this time 419 agent and checker are active in Nigerian blood. |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by kaysy(m): 10:04pm On Feb 17, 2020 |
calculation: I understand, that's why I strongly recommend that the client follows up with us as we move step by step the whole process from office to office. We are always available at TinCan Island. |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by calculation(m): 10:23pm On Feb 17, 2020 |
kaysy:Noted |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by cmoney22222: 10:27pm On Feb 17, 2020 |
Cif for Honda 2013 sir |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by Dkyz(m): 10:51pm On Feb 17, 2020 |
kaysy: . |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by kaysy(m): 11:10pm On Feb 17, 2020 |
cmoney22222: See this invoice for another car of 2013. The value there is $4,383. Please note that this may be a compromised value. 1 Like 1 Share
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Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by BBFred: 11:24pm On Feb 17, 2020 |
@kaysy thank you for this info. Pls what's the CIF for 2011 Toyota Highlander? Also what amount is going to be credited into custom account for this 2011 Toyota Highlander? Will be waiting for your response pls. Thank you. |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by damoche64: 11:56pm On Feb 17, 2020 |
With your analysis & calculation, how much is the total cost to clear corrola 04 with all fees inclusive? kaysy: |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by cmoney22222: 12:13am On Feb 18, 2020 |
Okay sir, so what the be the total cost to get it out of port every every included sir kaysy: |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by meetvic: 3:53am On Feb 18, 2020 |
@OP thanks for the enlightenment. Please what is the CIF Value for a 2008 and 2009 Honda CRV |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by Igbudu1: 5:29am On Feb 18, 2020 |
I would keep saying this .. This is the main area of corruption in the process. How come it's impossible to digitize all these rates so consignees can pay them online then go to the ports to pick up their vehicles ? It's possible! all brand of vehicles with their CIF or whatever is keyed into the system .. Make it as open as possible , uuuusssssaaaaaiiii... It's a terrible system if u ask me ! 4 Likes |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by kaysy(m): 6:39am On Feb 18, 2020 |
BBFred: From the invoice available at my disposal for a similar vehicle, I saw $3,507 for a 2011 model of car. |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by kaysy(m): 6:41am On Feb 18, 2020 |
damoche64: You can use the example I already provided |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by kaysy(m): 6:43am On Feb 18, 2020 |
cmoney22222: If u have not done the calculation with the value I gave u, I'll do it for u when I get to the office, please be patient while I send it. |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by kaysy(m): 6:51am On Feb 18, 2020 |
Igbudu1: Sir u are right, The NCS at the moment cannot digitalise this thing for reason best know to them, that's why most of their officers takes advantage of compromising the value during invoice issue, and its a common practise at the port. But once ur assessment notice is generated, u can go to bank to pay the import duty yourself, that's the main payment to be made, u can even pay online via internet banking. |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by kaysy(m): 6:54am On Feb 18, 2020 |
meetvic: You can assume the value I posted above for the 2008, but the 2009 I'll have to get to the office and look for an invoice of a cleared 2009 car model then I'll respond with that. |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by Nobody: 7:00am On Feb 18, 2020 |
Please what is the CIF value of 2003 Toyota 4runner? |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by BBFred: 7:06am On Feb 18, 2020 |
kaysy:. @kay, pls still confirm the exact value of CIF for 2011 Toyota Highlander when you get to your office this morning. Is like you are not sure of what you said here. |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by kaysy(m): 8:09am On Feb 18, 2020 |
BBFred: Yes sir, am sure of the value given but most likely, cars with same model even though from different brands are usually valued at same rate or very similar rates, however I will still look for an invoice of ur brand and model but I can assure u can work with what I gave u + or - $200. |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by teeboi77: 3:09pm On Feb 18, 2020 |
please how much can one clear a TOYOTA CAMRY 2009 model now (Grimaldi) 1 Like |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by project8(m): 6:36pm On Feb 18, 2020 |
Helo brother, pls from the above explanation ,what would be the total clearing amount for a 2004 Honda civic though not sure of the exact or current market price of d car ? |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by Openbusiness: 7:51pm On Feb 18, 2020 |
Good evening OP. What’s the estimate clearing cost for a 2003 / 05 chevrolet express van? Thanks |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by kaysy(m): 3:49am On Feb 19, 2020 |
georgeiyke009: Budget $1,904 or there about |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by kaysy(m): 3:52am On Feb 19, 2020 |
teeboi77: At most the CIF value won't be more than the value in my first post, + or - $200 ceteris paribus. |
Re: Let's Calculate The Total Cost Of Clearing Your Car From Tincan Island Port by kaysy(m): 3:52am On Feb 19, 2020 |
project8: Any vehicle from 2008 and older cannot be more than what I posted in the example post. |
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