Cost of Clearing Porsche Cars in Nigeria 2024
February 6, 2024High Customs Duties, Nigerian Ports Threatened
February 21, 2024To know how to calculate customs duty for cars, using the Nigeria customs tariff book or Nigeria customs valuation for cars below, there are values to be considered:
1. The dollar value of your car:
First, Nigerian customs generates these values via the VIN or chassis number of each vehicle; it is an automated system. It is the generated fixed cost price of the car you intend to import.
Read the Post on the new Customs VIN Valuation
Read the Post on how to Buy a Car online and ship it to Nigeria.
These values seldom change or do not change at all. If any change occurs in the coming times, trust us, The Clearing Agent will give you updated values always.
2. The CBN exchange rate:
Which is currently ₦1,605.82 and is subject to change at intervals.
While this exchange rate is subject to change at intervals (depending on the strength of ₦), we will keep you informed of any change in the exchange rate, thus affecting the cost of clearing cars in Nigeria.
3. The percentage of duty to be paid:
Currently, there is a 20% import duty and 15% levies for used and new cars.
In addition, these are fixed values for cars and vehicles; other industrial vehicles may attract a lower CET.
You can learn more about this information here: https://www.customs.gov.ng/hscode/resulthscode.php?TYPE=KEY&HSCODE=8703 or view the CET tariff table below.
4. Other Taxes To be Paid
Other taxes are 7.5% VAT, 0.5% ETL, and 7.0% SUR.
Furthermore, points 1 to 4 will give you the total value of your car due to be paid to Nigerian Customs at any designated bank.
With the Nigeria Customs Tariff Book, step-by-step to calculate total customs duty:
- Dollar Value of Car x CBN Exchange Rate x Percentage of Duty = Import Duty
- Dollar Value of Car x CBN Exchange Rate x Percentage of Levy = Levy
- Dollar Value of Car x CBN Exchange Rate x Percentage of ETL = ETL
- import Duty of Car in Naira x Percentage of SUR = SUR (Surcharge)
- Dollar Value of Car x CBN Exchange Rate + Import Duty + Levy + ETL + SUR = Total x Percentage of VAT = VAT
- Import Duty + Levy + ETL + SUR + VAT = Total Customs Duty payable
practical example:
if our car’s dollar value is $4,500 using the formula and percentages above
- $4,500 x ₦1,605.82 x 20% = ₦1,445,239 (import Duty) (write answers down)
- $4,500 x ₦1,605.82 x 15% = ₦1,083,930 (Levy)
- $4,500 x ₦1,605.82 x 0.5% = ₦36,131 (ETL)
- ₦1,445,239 x 7.0% = ₦101,167 (SUR)
- $4,500 x ₦1,605.82 + ₦1,445,239 + ₦1,083,930 + ₦36,131 + ₦101,167 = ₦9,892,658 x 7.5% = ₦741,950 (VAT)
- ₦1,445,239 + ₦1,083,930 + ₦36,131 + ₦101,167 + ₦741,950 = ₦3,408417 (Total Customs Duty Payable)
In addition, you may want to know how much it will cost you to clear a car or other vehicle.
Points 5 and 6 below will give you the total cost of clearing a car in Nigeria
5. Shipping and terminal charges:
Furthermore, shipping and terminal charges vary. Cars, SUVs, and trucks approximate costs are from ₦150,000 to ₦200,000.
6. Agency fee or clearing charges:
In addition, they may fix this or be negotiable, depending on the clearing agency you are dealing with.
Hence, be rest assured The Clearing Agent will give you the best prices for the cost of clearing cars and other container cargo, as we are cost-effective and want to make you happy.
We list here other Trusted Clearing agents in Nigeria
Furthermore, to know the total cost of clearing your car, you must consider:
1. Shipping company handling charges + terminal charges.
While shipping and terminal charges vary, cars, SUVs, and trucks costs range from ₦150,000 to ₦200,000, depending on your shipping document, whether the original bill of lading, telex, seaway bill, or print at the destination.
2. Clearing charges.
₦100,000 to ₦150,000 for older cars, and a higher charge for newer cars.
As you read through the Nigeria customs tariff book or valuation for cars, do you want to know the cost of clearing cars? The Nigeria Customs Tariff book will give you that.
Why don’t you view the cost of clearing cars in Nigeria by clicking here?
Read the Post on how to Buy a Car online and ship it to Nigeria
The latest Nigeria Customs tariff book for cars in 2024 (VIN Valuation) | Nigeria Customs VIN Valuation
Click on Your preferred Vehicle below to know the Value issued by Nigeria Customs
- Acura Aston Martin Audi BMW Bentley Bugatti Buick
- Cadillac Chevrolet Chrysler Dodge Ferrari Fiat Ford GMC
- Honda Hummer Hyundai Infiniti Jaguar Jeep KIA
- Lamborghini Land Rover Lexus Lincoln Maserati Maybach Mazda
- Mercedes-Benz Mercury Mini Mitsubishi Nissan Peugeot Pontiac
- Porsche Rolls Royce Scion Subaru Suzuki Toyota Volkswagen Volvo
CET Tariff for Cars and Other Vehicles by the Nigeria Customs Tariff Book
CET code | Description | SU | ID | VAT | LVY | EXC | |||
8703.1000.00 | Vehicles specially designed for travelling on snow; golf cars and similar vehicles | U | 35 | 5 | 35 | ||||
8703.2111.00 | Vehicles, with petrol fuel engine, of cylinder capacity=<1,000 cc, presented CKD | U | 0 | 5 | |||||
8703.2119.00 | Other | U | 20 | 5 | 50 | ||||
8703.2119.10 | Other imported by MV assemblers and man. (8703) | U | 35 | 5 | |||||
8703.2120.00 | Used Vehicles, with petrol fuel engine, of cylinder capacity=<1,000 cc | U | 35 | 5 | |||||
8703.2211.00 | Vehicles, with petrol fuel engine, of cylinder capacity>1,000=<1500cc, presented CKD | U | 0 | 5 | |||||
8703.2219.00 | Other | U | 20 | 5 | 50 | ||||
8703.2219.10 | Other imported by MV assemblers and man. (8703) | U | 20 | 5 | 50 | ||||
8703.2220.00 | Used Vehicles, with petrol fuel engine, of cylinder capacity>1,000<1500cc | U | 20 | 5 | 50 | ||||
8703.2311.00 | Vehicles, with petrol fuel engine, of cylinder capacity>1,500=<3000cc, presented CKD | U | 0 | 5 | |||||
8703.2319.00 | Other | U | 35 | 5 | 35 | ||||
8703.2319.10 | Other imported by MV assemblers and man. (Heading 8703) | U | 35 | 5 | |||||
8703.2320.00 | Used Vehicles, with petrol fuel engine, of cylinder capacity>1,500=<3000cc | U | 20 | 5 | 50 | ||||
8703.2411.00 | Vehicles, with petrol fuel engine, of cylinder capacity >3000cc, presented CKD | U | 0 | 5 | |||||
8703.2419.00 | Vehicles, with petrol fuel engine, of cylinder capacity >3000cc, presented FBU | U | 35 | 5 | 35 | ||||
8703.2419.10 | Other imported by MV assemblers and man. of heading 8703 | U | 35 | 5 | |||||
8703.2420.00 | Used Vehicles, with petrol fuel engine, of cylinder capacity >3000cc | U | 20 | 5 | 50 | ||||
8703.3111.00 | Vehicles, with diesel or semidiesel engine, of cylinder capacity >1500cc, presented CKD | U | 0 | 5 | |||||
8703.3119.00 | Vehicles,with diesel or semidiesel engine, of cylinder capacity <=1500cc, presented FBU | U | 35 | 5 | 35 | ||||
8703.3119.10 | Other imported by MV assemblers and man. of heading 8703 | U | 35 | 5 | |||||
8703.3120.00 | Used Vehicles, with diesel or semidiesel engine, of cylinder capacity <=1500cc | U | 20 | 5 | 50 | ||||
8703.3211.00 | Vehicles, with diesel or semidiesel engine, of cylinder capacity >1500=<2500cc, CKD | U | 0 | 5 | |||||
8703.3219.00 | Other | U | 35 | 5 | 35 | ||||
8703.3219.10 | Other imported by MV assemblers and man. of heading 8703 | U | 35 | 5 | |||||
8703.3220.00 | Used Vehicles, with diesel or semidiesel engine, of cylinder capacity >1500=<2500cc | U | 35 | 5 | |||||
8703.3311.00 | Vehicles, with diesel or semidiesel engine, of cylinder capacity >2500cc, CKD | U | 0 | 5 | |||||
8703.3319.00 | Vehicles,with diesel or semidiesel engine, of cylinder capacity >2500cc, presented FBU | U | 35 | 5 | 35 | ||||
8703.3319.10 | Other imported by MV assemblers and ma. of heading 8703 | U | 35 | 5 | |||||
8703.3320.00 | Used Vehicles, with diesel or semidiesel engine, of cylinder capacity >2500cc | U | 35 | 5 | |||||
8703.9000.00 | Other Motor cars and other motor vehicles principally des | U | 35 | 5 | 35 | ||||
SU=System Unit, ID=Import Duty, VAT=Value Added Tax, LVY=Levy, EXC=Excise Duty |
Credits https://www.customs.gov.ng/hscode/resulthscode.php?TYPE=KEY&HSCODE=8703
16 Comments
Help me
What can we Halep you with Thomas? Kindly send us an email or call us on +2348036811157, I’ll be happy to help you.
Pls I’m trying to get a corolla 2010 from US how mu is the likely cost of cleaning
cost of clearing a 2003 peugeot 807 at the tin can lsland port
kindly send us a message on WhatsApp.
Phone number is 08036811157, you will get a response immediately. Thanks
i want to import a benz C Class 2016 series. need info wrt custom duty or total cost of clearing the car
Thanks for reaching The Clearing Agent Limited, kindly send us a direct message on WhatsApp on +2348036811157 and you will get a response as quickly.
Good morning pls I want to know the custom rate (%) on hilux 2019 model thank you
I want to order used Mercedes car from Japan. What’s the custom duties of Mercedes benz glc300 (2016) priced at $22350(approximately 8.5m)on RORO
Thank you for the info, it’s been quite helpful.
Thanks for these writeup series. They are very informative and impressive.
But while your CET table indicates up to 75% aggregate (35 + 5 + 35, or 20 + 5 + 50) for some line items, the actual Customs spreadsheet doesn’t reflect such. It is usually 40% (5 + 35, or 35 + 5). Kindly recheck, reconfirm and clarify please. Thanks in advance.
Thanks for your comments.
Used Vehicles pay 35% Duty and other taxes (Levy exempted)
New Vehicles pay 35% Duty 35% Levy and other taxes
https://www.customs.gov.ng/hscode/resulthscode.php?TYPE=KEY&HSCODE=8703
click on the link above to view CET tariff on the Nigeria Customs Website.
Please ask further questions if you are not yet clear on this note.
best regards.
Hello C.A.
I’m working on bringing in a Lexus RX 350 (2012) from the US. I’d like help on getting info about the cost of Duty to expect to pay and other related cost of clearing.
Hello Smith, kindly reach on office on +2348036811157 via whatsapp message (for smooth conversation) or voice call.
You can also email us info@clearingagent.com.ng
We look forward to hearing from you and working with you.
Best regards
I want to import Ford F150. 2004.
Total cost of vehicle is $4000.
From the U.S. on RORO
What is the estimated cost of clearing to delivery?
contact our director on +2348036811157 via WhatsApp or voice call, He’ll respond to your every request. Thanks for reaching The Clearing Agent Limited, we look forward to working with you.