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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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IGP Orders Tactical Reinforcement in Benue as Death Toll Rises in Guma MassacreFake News and AI: The Unseen Force Behind Traore's PopularityMUSWEN condemns masquerade invasion of mosque in Ondo State , calls for justiceNotorious Bandit Leaders Surrender Arms, Free Kidnapped Victims in KatsinaIran Executes Man Convicted of Spying for Israel Amid Escalating HostilitiesNavy Destroys Five Illegal Refineries in Rivers, Recovers Stolen Crude US Embassy in Tel viv Sustains Minor Damage in Iranian Missile StrikePresident Tinubu Orders Security Crackdown in Benue, Urges Governor Alia to Lead Peace TalksOlusegun Adeniyi: Why there’d be no public presentation of ‘The Ghost of June 12’Amnesty International Condemns "Horrifying" Benue Killings, Demands Urgent ActionCDS Advocates Patriotism as Unsung Patriots are Celebrated at 7th Nigeria Silent Heroes AwardsThe Fathers We Forgot to ThankBeyond Bigotry: Unpacking the Iran-Israel Narrative By Yassim DukawuyaLagos CP Orders Probe into Alleged Misconduct by Tactical Squad CommanderNigeria Police Recover Vehicles Stolen to Ghana and Niger, Arrest Suspects
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