Customs Import Duty Has Been Increased

Without any notice, without any prior hint, the official Customs
exchange rate was increased yesterday. The rate which used to be N306
per dollar has now been increased to N326 per dollar. Consequently, this
has led to an increase in the cost of clearing cars and other imported
items at the Nigerian ports.

The new rate was announced on Monday
morning and it was implemented immediately throwing lots of vehicle
owners and clearing agents into a state of confusion.

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One of the
clearing agents Autojosh spoke to confirmed that he had been asked to
pay a surface duty amount of N2,350,000 for a Mercedes Benz SUV.
However, he got a shocker after he tried to input the details into the
Customs server in order to proceed with the clearing process. “This
N2,500,000 I’m seeing on this computer must be an error”.. He said to
himself.

Another agent said he had calculated the total clearing
cost of his customer’s 2005 Toyota Camry using the usual surface duty of
N201,000. Now, he has to go back to his customer to explain that the
surface duty has been increased to N214,000 (note that these quoted
surface duties is different from total clearing costs. Surface duty does
not include taxes, shipping/terminal charges and other ancillary
costs).

According to the Public Relations Officer of the
Association of Nigeria Licensed Customs Agents at Tin Can Island Port,
Mr Emmanuel Onyeme, all transactions and cargoes that were cleared at
the port on Monday were already paying N326 per dollar.

The
introduction of this policy is really saddening and it’s even more
saddening that it was implemented with immediate effect after importers
had shipped their items and clearing agents had already accepted jobs
using calculations based on the old rate of N306 per dollar.

Do you have a car or other items that’s currently heading to Nigeria? Be ready to pay more than you initially anticipated.

Source:- Autojosh

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