New Cost Of Clearing Cars In Nigeria At Tin Can Island Port, Customs Duties, Levy Payable On Imported Vehicles

Buying foreign used cars is cool, some belief it’s better than buying Nigerian used cars so in this article we will disclose the Charges such as Nigerian custom duty charges on imported cars, port charges, and clearing agent charges that you must pay before your car can be claim and clear from Apapa Port or any other port in Nigeria.

Following the Central Bank of Nigeria (CBN) increase in the official exchange rate for cargo importation into Nigeria, the Valuation Department of the Nigeria Customs Service at Tin Can Island Port has issued an update to assist importers in determining rates of duty payable on various brands of vehicles and their levies.

Recently, the official exchange rate was increased from N409 per $1 Dollar to N422.3 per Dollar.

The update which was prepared by Valuation SIFAX Bonded Terminal also took into consideration the ex-factory price and VIN Valuation of the vehicles and the NAC Levy.

Rules For Importing Cars Into Nigeria

The government of Nigeria claims that you must make an e-Form M import any type of goods. E-Form M is valid for half a year, except for the E-Form M that you open in order to import machinery and plants, which is valid for 1 year.

Shipping From the USA To Nigeria: A Step-By-Step Guide

Let’s brief you on a step-by-step shipping guide.

DURATION: the ship takes about 2-3 weeks to arrive in Lagos (unless the ship will stop in the other ports) from the moment it takes off from the USA port.

TRANSIT TIME: Once the ship drops off your car at the destination port in Nigeria, the estimated time of transit usually takes about 1 – 3 months.

You should keep in mind that when the ship gets to port in Lagos, the process does not end here. Usually, the off-loading process takes several weeks. And this is the best moment to get your clearing agent to work.

Here is the step-by-step guide on shipping cars if you do it yourself or with the help of the agent:

How to ship any car by yourself

• Find a Shipping Broker Online or Offline
• Download their application form called Docket Receipt
• Complete the docket receipt and fax or email it to the shipping broker
• the broker will process and send it back to you in 1-2 days depending on their response timing
• Make 6 copies of the docket receipt and 6 copies of the car title front and back
• take your car and paper-work to the port
• the port staff will give you a receipt confirming that your car was accepted for shipping
• the broker then sends you a bill for the shipping
• Once you make the payment, they will mail your bill of lading to you
• Make a copy of the bill of lading and send the originals immediately to your clearing agent preferable by courier
• Your clearing agent will clear the car from the port
• All this process may take up to 3 months or more

Shipping any car through a shipping agent

• Find a shipping agent in your area
• Complete the Agent’s paper-work form
• Give him the car, Keys and original title
• You may be required to pay the shipping fee immediately or when the ship leaves
• Once the bill is lading is ready, the agent will call you for pick-up
• Make a copy of the bill of lading and send the original copies to your clearing agent
• Your cleaning agents clear the car from the Port
• this whole process may take up to 3 months

Cost of shipping cars from the USA to Nigeria

• You have to pay an auction fee when you are buying through an Auction abroad;
• you pay the shipping cost to the foreign country;
• you pay clearing fees and different port charges;
• your paying includes customs duty, levy, and VAT;
• you are charged for the commission, that goes to shipping and clearing agents;
• you pay charges to the shipping company at the delivery point;
• the costs also may include some miscellaneous expenses.

EX FACTORY PRICE (VIN-VALUATION)
HINT: SURFACE DUTY X 2.359= TOTAL DUTY (NAC INCLUSIVE) @N422.30/$