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Nairaland Forum / Nairaland / General / Politics / Customs Reduces Exchange Rate For Import Duties Payment (24085 Views)
Customs FX Rate For Import Duties Rises To ₦1,530/$ / Customs Increases FX Rate For Import Duties To ₦1,441/$ / CBN Pegs Rate For Import Duty Payment (2) (3) (4)
Re: Customs Reduces Exchange Rate For Import Duties Payment by PressMyButton: 8:02pm On Apr 19 |
ogaontop:Do you know how much dollars we spend on imports annually compared to the shortages in reserves?. If you want drugs, sit down your lazy ass and produce drugs locally. You don't bleed the economy because of importation, you are myopic sighted. |
Re: Customs Reduces Exchange Rate For Import Duties Payment by ShootThemAll(m): 8:39pm On Apr 19 |
jkpbestseries: 100% True! That's the main reason 9ja has a very high inflation rate. 1 Like |
Re: Customs Reduces Exchange Rate For Import Duties Payment by ruffhandu: 8:53pm On Apr 19 |
Fraudulent government. You tell others not to mention dolar when doing business in Nigeria, but a government agency quotes their fees in dolar and gives you a rate to pay with. This country is simply a shithole. |
Re: Customs Reduces Exchange Rate For Import Duties Payment by ruffhandu: 8:55pm On Apr 19 |
PressMyButton: It's simply "myopic" or you say "short-sighted". |
Re: Customs Reduces Exchange Rate For Import Duties Payment by maasoap(m): 8:59pm On Apr 19 |
jmoore: That is because CBN was defending naira |
Re: Customs Reduces Exchange Rate For Import Duties Payment by jmoore(m): 9:04pm On Apr 19 |
maasoap:They floated naira before that increase. |
Re: Customs Reduces Exchange Rate For Import Duties Payment by maziuwa(m): 9:06pm On Apr 19 |
jkpbestseries:yes you are right am a clearing agent this people are killing us imagine 20ft 7m duty 40ft 14m it's very much expenses but we thank God Almighty we always have our own way to do it we must deliver within period of 7 days after ship arrived
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Re: Customs Reduces Exchange Rate For Import Duties Payment by Mandate1: 9:52pm On Apr 19 |
commoditiesnig:export with wat? Whr is the power to produce? Whr is the cheap fuel or diesel to encourage production? |
Re: Customs Reduces Exchange Rate For Import Duties Payment by 735i(m): 10:55pm On Apr 19 |
PressMyButton: Apparently, you're one of the "not bright" ones. Setting revenue targets from import duties is counter intuitive. If you hire a security guard to stop people from accessing your property, and you tell your security guard to "generate" a fixed amount monthly... what will he do? Either allow people in for a fee, or set up a kisok and becomes negligent to his actual responsibility. Just so you know, all sorts of commodities are coming into Nigeria... and the customs personnel are smiling to the bank... so YOU can keep being a 🤡 |
Re: Customs Reduces Exchange Rate For Import Duties Payment by Kingrshd3: 12:32am On Apr 20 |
jkpbestseries: God bless u and the essence of this is to distract people from importation and face local productions but yet people are still importing hence things will still cost due to high clearance rate 🤔 |
Re: Customs Reduces Exchange Rate For Import Duties Payment by Blessedarethepe(m): 2:15am On Apr 20 |
jkpbestseries:Exchange rate is different from customs duty. Duties are advolorem taxes you pay. And it varies depending on the item of import. |
Re: Customs Reduces Exchange Rate For Import Duties Payment by Royals1st: 6:12am On Apr 20 |
commoditiesnig: Yes u are very correct! But please can you tell me how do we produce to export? No electricity , and petrol and diesel is on higher price any country that does not have steable electricity can never grow or produce for export |
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