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Home Economy Customs, Finance Ministry Brainstorm on 4% FOB, CISS Charges
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Customs, Finance Ministry Brainstorm on 4% FOB, CISS Charges

By
Abdullahi Maiwada
-
February 6, 2025
Nigerian Customs Service, NCS

Customs, Finance Ministry Brainstorm on 4% FOB, CISS Charges

The Nigeria Customs Service (NCS) proudly recognises the invaluable  contributions of stakeholders in shaping and actualising the Nigeria Customs Service Act (NCSA) 2023.

This landmark legislation, which replaces the long-standing Customs and Excise Management Act (CEMA) and other related laws is a product of extensive consultations, constructive dialogue, and collaborative efforts with key
industry players, government agencies, and other stakeholders.

Their insights, expertise, and unwavering commitment have been instrumental in ensuring a robust legal framework that enhances efficiency, promotes innovation and strengthens transparency in customs operations.

 In line with the provisions of Section 18 (1) of NCSA 2023, the NCS  implementing a 4% charge on the Free On-Board (FOB) value of imports.

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The FOB charge, which is calculated based on the value of imported goods, including
cost of goods and transportation expenses incurred up to the port of loading, is essential to driving the effective operation of the Service.

Furthermore, the NCS acknowledges concerns raised by stakeholders over the  sustained collection of 1% Comprehensive Import Supervision Scheme (CISS)
fee (a regulatory charge imposed for funding Nigeria’s Destination Inspection
Scheme) alongside the 4% FOB charge. As a responsive and responsible government agency, the Service wishes to assure the general public that extensive consultation is ongoing with the
Federal Ministry of Finance to address all agitations raised by our esteemed stakeholders.

Under the leadership of the Comptroller General of Customs, Bashir Adewale Adeniyi, the NCS reaffirms its commitment to transparency, fair trade practices, and efficient revenue management. All stakeholders are urged to
support this legally binding initiative, as the measures introduced in alignment with the NCSA 2023 reflects a balanced approach born out of extensive consultations with industry players, importers, and regulatory bodies.

ABDULLAHI MAIWADA
Assistant Comptroller of Customs
National Public Relations Officer
For Comptroller-General of Customs
5 February 2025

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Pantami Foundation Pays Outstanding Fees for Gombe Students at BUKCDS Musa Launches Operation Enduring Peace, Tasks Troops to ‘Win Peace, Not Just War’TRAVELOGUE: Kaduna Almajiris and A Parley Inside Arewa Forum's House By Lawal Dahiru MammanOHCSF Celebrates 57 Retirees for Exemplary Service and DedicationAlake Orders Mining Marshals to Seal Illegal Gold Mining Site in GwagwaladaPolice Rescue Abducted Senior Officer in Sokoto, Arrested UNILAG Lecturer Over Rape AllegationFG Inaugurates Boards, Management Teams of Three Regional Development CommissionsNAF Reaffirms Commitment to Civilian Protection, International Humanitarian LawTroops Repel Bandit Attack on Military Base, Eliminate Scores in NigerJoint Security Forces Raid Anambra Secessionist Camp, Free Kidnap Victim, Neutralise FourUN Deputy Sec.-Gen. Applauds DEPOWA’s Women Empowerment Drive Nigerians to Receive Passports Within 7 Days, Says Interior MinisterFG Unveils 8.3 Petabyte Data Centre to Power Digital Identity, Immigration SystemsDHQ Committee Visits Theatre Command Maiduguri for Joint Defence Doctrine Review‎NSCDC at the Heart of Nigeria’s Mining Sector Revival ‎By Zekeri Idakwo Laruba
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