Tag: trade compliance

Hometrade compliance

The Nigeria Customs Service (NCS) has commenced the implementation of a new Standard Operating Procedure (SOP) to regulate courier companies operating under the Delivered Duty Paid (DDP) Incoterm, as part of efforts to strengthen compliance, enhance revenue collection, and align operations with global best practices. The new framework provides a unified process for registration, manifest …

By Esther Ososanya The Nigeria Customs Service (NCS) has uncovered a massive violation of the Temporary Admission Permit (TAP) scheme, with 223 companies defaulting in ways that could cost the nation over ₦379.6 billion in unpaid customs duties. In a statement issued Friday, July 25, the Service granted a 21-day grace period, beginning Monday, July …

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