Customs Increase Import Duty - Business - Nairaland
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| Customs Increase Import Duty by femmy2010(m): 2:55pm On Apr 26, 2020 |
The Nigeria Customs Service (NCS) has implemented an increase in import duty payable on cargoes from N326 to N361 per dollar following a new foreign exchange policy by the Central Bank of Nigeria (CBN). Confirming the development, a port user, Mr. Daniel Segun David said, “I went to work today and as I was about punching (capturing) my work via the Customs NICIS portal, only for me to notice some changes in the dollar (Customs duty) rate ‘. “For example, a fixed dollar rate for vehicles before now was at N326/dollar but as of today, it has changed to N361.” Customs spokesman, Joseph Attah, who confirmed the development to DUDZMOBILITY in Lagos on Thursday, said the implementation of the new exchange rate takes immediate effect. https://dudzmobility.com/tension-as-cbn-increases-import-dutys-exchange-rate/ |
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