BusinessNews

Customs Cancels 4% FOB Charge, Directs Importers To Recapture Entries

Few weeks after announcing the suspension of the 4% Free-on-Board (FOB) charge on imports, the Nigeria Customs Service (NCS) has resolved to cancel the levy, informing stakeholders that all import declarations made during the initial implementation period have been cancelled.

The NCS disclosed this in a statement disseminated by its spokesman, Abdullahi Maiwada on on Monday, stating that it believes that this measure is necessary to ensure clarity, maintain consistency in customs operations, and prevent any disruptions in clearance processes.

Consequently, affected importers, customs agents, and stakeholders are, therefore, are required to recapture their declarations to proceed with the clearance of their goods.

In addition, all stakeholders affected are urged to promptly recapture their entries through the designated customs processing platforms as the NCS assured that it has put measures in place to ensure this process is seamless.

“Customs Commands nationwide have been directed to provide the necessary assistance and clarifications to importers and agents requiring support during this period.

“The Service remains steadfast in its commitment to implementing government fiscal policies in alignment with the provisions of the Nigeria Customs Service Act 2023 through robust consultation and dialogue with all stakeholders. The decision to cancel previous declarations and give room for recapturing is part of the Service’s broader effort to be a public-centric organisation that ensures efficient service delivery,” it said.

Meanwhile, the statement emphasised that under the leadership of the Comptroller-General of Customs, Bashir Adewale Adeniyi, the Service remains committed to demonstrating openness and transparency in its engagements with stakeholders.

Traders are therefore encouraged to take advantage of this opportunity to avoid any further delays in the clearance of their consignments.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button