“Stakeholders, including vehicle owners, importers, and agents, are encouraged to seize this opportunity to regularise import duty payments within the designated 90-day timeframe,” the statement said.
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The National Public Relations Officer of the Nigeria Customs Service, Abdullahi Maiwada, made this known in a statement on Friday. The Customs PRO further stated that concerned persons have a 90-day window from 4 March to 5 July, to regularise import duty payments. Amidst the recent liberalisation of the forex market, importers have faced uncertainties in the pricing of goods and services.
“The Central Bank of Nigeria wishes to advise that the Nigeria Custom Service and other related parties adopt the closing FX rate on the date of opening Form M for the importation of goods, as the FX rate to be used for Import Duty Assessment.
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