REVIEW OF GOODS LIABLE TO EXCISE DUTIES ORDER
Act · Trade
An Order updates the list of goods subject to excise duties in Nigeria, including rates for various products. It targets manufacturers, importers, and consumers of excisable goods. This aims to boost government revenue and discourage consumption of harmful items.
What Is This Policy?
An order reviewing and updating the list of goods subject to excise duties in Nigeria, including rates and applicable products.
Who Does It Target?
Manufacturers of excisable goods, importers, Nigeria Customs Service, and consumers of excisable products.
What Does It Aim to Achieve?
Update excise duty rates to reflect current economic conditions, increase government revenue, and discourage consumption of harmful products.
Key Features
Updated Product List: Revised list of goods subject to excise duties. Rate Adjustments: Updated excise duty rates for specific product categories. Revenue Generation: Designed to boost government excise revenue.
Current Status
Rollout Stage: Active and enforceable. Coverage: All excisable goods manufactured or consumed in Nigeria. Funding: Collected by Nigeria Customs Service.
How to Access
Manufacturers comply with excise duty obligations through the Nigeria Customs Service. Identify excisable products Register with Nigeria Customs Service Pay applicable excise duties Portal: customs.gov.ng
Important Terms
Non-compliance results in penalties and seizure of goods.
Impact & Metrics
Increases government revenue and regulates consumption of specific products.
Official Resources
Website: https://www.customs.gov.ng Contact: Nigeria Customs Service Headquarters, Abuja
Legal Framework
Issued under the Customs and Excise Management Act Cap C45 LFN 2004, which empowers the President to review excisable goods and rates by order. Operates alongside the Finance Act (as amended), the Federal Inland Revenue Service Establishment Act 2007, and the Companies Income Tax Act 2004.