NCS Commits to Transparent Trade Practices, Engages Stakeholders on Import Charges

NCS Commits to Transparent Trade Practices, Engages Stakeholders on Import Charges

The Nigeria Customs Service (NCS) has acknowledged the strategic contributions of stakeholders in the development and implementation of the Nigeria Customs Service Act (NCSA) 2023. The new legislation, which replaces the long-standing Customs and Excise Management Act (CEMA) and other related laws, is the result of extensive consultations with industry players, government agencies, and key stakeholders.

In a statement signed by the National Public Relations Officer, Assistant Comptroller of Customs Abdullahi Maiwada, the NCS emphasized that the insights and expertise of stakeholders were instrumental in shaping a modern legal framework aimed at enhancing efficiency, fostering innovation, and strengthening transparency in customs operations.

As part of the implementation of the NCSA 2023, the Service has introduced a 4% charge on the Free On-Board (FOB) value of imports, as outlined in Section 18 (1) of the Act. The FOB charge is calculated based on the total cost of imported goods and transportation expenses up to the port of loading, ensuring the effective operation of the NCS.

The agency also acknowledged concerns raised by stakeholders regarding the continued collection of the 1% Comprehensive Import Supervision Scheme (CISS) fee alongside the new 4% FOB charge. In response, the NCS assured the public that discussions are ongoing with the Federal Ministry of Finance to address these concerns and find a balanced resolution.

Under the leadership of Comptroller General of Customs Bashir Adewale Adeniyi, the NCS reiterated its commitment to transparency, fair trade practices, and efficient revenue management. The Service urged all stakeholders to support the implementation of the NCSA 2023, emphasizing that the reforms reflect a well-considered approach born out of extensive engagements with industry players, importers, and regulatory bodies.

The NCS assured that it remains responsive to the concerns of stakeholders while striving to enhance Nigeria’s trade and customs administration.