| 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 |
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