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Home»Business/Economy/Banking & Finance»Why only items imported by president are duties, taxes-free – Nigeria customs 
Business/Economy/Banking & Finance

Why only items imported by president are duties, taxes-free – Nigeria customs 

EditorBy EditorAugust 7, 2021No Comments2 Mins Read
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The Nigeria Customs Service has told ministries, departments and agencies, MDAs, that only items imported by the President and Commander in Chief of the Federal Republic, are exempted from payment of duties or taxes.

This is contained in a statement by by Mr Timi Bomodi, Deputy National Public Relations Officer, made available to newsmen said on Friday.

“We wish to reiterate that by law, only items imported by the President, Commander in Chief of the Federal Republic of Nigeria, are exempted from the payment of duties or taxes,” the statement said.

Bomodi explained that ministries, departments and agencies (MDAs) were expected to pay duties on vehicles or other items they imported, except where waivers and concessions were sought and granted.

“The attention of the Nigeria Customs Service has been drawn to a trend in the activities of certain Ministries, Departments and Agencies, with regards to their import of vehicles and other equipment.

“The NCS wishes to state that except where waivers or concessions were sought and granted, all outstanding duties and taxes relating to such imports are expected to be paid in full.

“This applies even in situations where these imports were executed by agents or proxies on their behalf.

“The NCS is, therefore, by this notice sensitising MDAs and advising them on the need to adhere strictly with import guidelines in this regard”, he said.

Bomodi further explained that contractors, who import and supply such equipment or vehicles without payment of duties, would be considered liable as fraudulent importers.

“We urge them to avail themselves of our trade facilitation tools available on and offline. This is necessary to avoid embarrassments in future,” he added.

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