4% FOB Charge Suspension: Customs calls for re-entry of import declarations

by Samson Echenim

Following the suspension of the 4% Free-on-Board (FOB) charge on imports, the Nigeria Customs Service (NCS) has called on affected importers and customs brokers to re-summit their import declarations.

The Customs confirmed the development in a statement made available to The Nigerian Economy on Monday, indicating that all import declarations made during the initial implementation period had been cancelled.

“This measure is necessary to ensure clarity, maintain consistency in Customs operations, and prevent any disruptions in clearance processes. Affected importers, customs agents, and stakeholders are, therefore, required to recapture their declarations to proceed with the clearance of their goods,” the Customs said in the state statement signed by its national spokesman, Abdullahi Maiwada.

The trade facilitator further urged all affected port user to promptly recapture their entries through the designated Customs processing platforms, assuring that the Service had put measures in place to ensure the process was seamless.

Maiwada stated: “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.

“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.”

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The Nigerian Economy

The Economy is an online newspaper focusing on delivery of top-notch economic, financial and business intelligence reports for economic development. It is published by Samhapp Integrated Services Ltd., 1, Ojogiwa Street (1st floor) Off Idumagbo Avenue, Lagos Island, Lagos State, Nigeria, West Africa

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