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FREQUENTLY ASKED QUESTIONS

HOW IS DUTY CALCULATED IN NIGERIA?

Base Duty = Duty on CIF Value

7% Surcharge = 7% of Base Duty
0.5% TLS ( Ecowas Levy ) = 0.5% of CIF Value
1% CISS ( Inspection Fee ) = 1.0% of FOB Price
5% VAT = 5% of ( CIF + Duty + Surcharge + TLS + CISS )

NOTE:

C.I.F

C = Cost (FOB Value)
I = Insurance
F = Freight