Armed with this understanding and the knowledge that what we can do outweighs what we can’t, success has become a normal part of our lives at GOOD INTENTIONS.
Involves a number of complex formulas tailored towards the procedural direction of world customs organization to which Nigeria is a member. The manner in which transactions are structured and documented frequently affect dateable value.
Classification determines the advisability of goods, rate at which duty is paid, the applicability of Import Restrictions and availability of special tariff treatment mostly based on WCO Harmonized Internal system.
Duty Free or Reduces Duty Treatment
Are available through other programmes such as cash flow benefits etc. For example, making use of Bonded Warehouses or Foreign Free Trade Xones as well as participation inTemporary Importation Programmes and Privileges.
Upon consideration of possibilities for structuring import transaction, it is advisable to secure binding rulings from customs to confirm the conclusions reached. These rulings provide a high level of certainty thus minimizing “unexpected” assessments. GISL is very adept at assisting our clients in securing binding rulings for their shipments.
Automated Economic Operator (AEO)
A standardized accreditation issued by Customs Administration for business involved in Import & Export of goods. It is an internationally recognized Supply Claim system devised by the WCO to increase the security of the international supply claim. GISL can offer streamline process that ensures that business is best placed to secure successful AEO accreditation in Nigeria.
“All in all, at the heart of our business, are experts who are retired as top-level Customs officers. These same group, while in active government service were directly responsible for the drafting of the rules and regulations that govern modern Customs business currently and for the foreseeable future.”