(vii) EXCISE DUTY
Excise duties, which had been abolished at the time of the last TPR of Nigeria, were reintroduced in 1999 on, inter alia, spirits, cigarettes, alcoholic beverages, and cosmetics, at rates ranging from 20% to 40%. Excise duties apply to the duty-inclusive price of imports, and to the sales price of locally produced goods.

(viii) ANTI-DUMPING AND COUNTERVAILING MEASURES
The Customs Duties (Dumped and Subsidies Goods) Act 1958 provides for the imposition of a special duty on any goods deemed to be dumped by companies or subsidized by any Government or authority outside Nigeria. Under the Act, goods are regarded as having been dumped if the export price is lower than the “fair market price”.

(ix) IMPORT PROHIBITIONS, QUANTITATIVE RESTRICTIONS, AND LICENSING
Under Nigeria’s Customs Legislation, import prohibition can be applied to protect domestic industries; to reduce balance – of – payments deficits; as anti- dumping measures; and for moral, safety and other processes. The Government modifies the import prohibition list, adding or subtracting items, through notices and decrees. (For a comprehensive list of items on the prohibition list, please click here

EXPORTS (i) REGISTRATION AND DOCUMENTATION
Exporters are required to be registered with the Nigerian Export Promotion Council (NEPC). The y must submit a completed application form along with copies of a certificate of incorporation, tax clearance certificate form C.O.7 and the memorandum of articles of association. Exporters must renew their registration every two years, submitting evidence of export performance and a current company tax clearance.

All exporters must complete and register an export proceeds (NXP form with an authorized dealer) of their choice. Other export documents include a proforma invoice, a sales contract, if applicable, NEPC registration certificate, relevant sanitary and phytosanitary certificates, shipping documents and other forms required by the importing country.

(ii) EXPORT TAXES, CHARGES AND LEVIES
The export amendment decree of 1992 prescribes that all new material or unprocessed commodities, whether mineral or agriculture, may be subjected to the payment of an export level as may be prescribed from time to time, by order of the NEPC.

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