CESTAT Delhi held that duty to be levied on CIF value and cost of freight for transport via air to be restricted to 20% of Free on Board [FOB] value of the goods. Hence, demand of differential duty ...

The FOB charge, which is calculated based on the value of imported goods, including the cost of goods and transportation expenses incurred up to the port of loading, is essential for driving the ...

A review of import duty calculations obtained by BusinessDay has revealed that the introduction of the Nigeria Customs ...

The Nigeria Customs Service (NCS) has announced the suspension of the implementation of 4 per cent Free-on-Board (FOB) value on imports as provided in Section 18 (1) (a) of the Nigeria Customs ...

The Manufacturers Association of Nigeria (MAN) has expressed grave concerns over the apparent reintroduction of the 4.0 per cent Free-on-Board (FOB) charge on imports by the Nigeria Customs Service ...