The Nigeria Customs Service (NCS) has announced a new policy that exempts imports worth $300 or less from duties and taxes, effective September 8, 2025.
The measure, known as the $300 De Minimis Threshold, covers items brought in through courier services or passenger baggage, provided they are not restricted or prohibited. The policy is in line with global trade practices under the World Trade Organisation's Trade Facilitation Agreement and the World Customs Organisation's Kyoto Convention.
According to Customs, the reform is aimed at reducing clearance delays, cutting logistics costs, and supporting small businesses, particularly those engaged in cross-border trade and e-commerce. With lower barriers to bringing in small consignments, SMEs are expected to benefit from faster delivery, lower overhead costs, and improved competitiveness.
Read also,
To ensure smooth implementation, the NCS will roll out multi-channel helpdesk platforms to guide businesses, answer compliance queries, and address complaints in real time. However, the agency warned that penalties would apply for misuse of the policy, such as invoice manipulation or attempts to evade duties.
The service also highlighted recent disciplinary actions against officers found guilty of misconduct, underscoring its commitment to transparency and accountability.
This milestone policy is widely expected to stimulate e-commerce, strengthen SME participation in global trade, and enhance Nigeria's position as a regional hub for trade facilitation.
No comments:
Post a Comment