NCS/ARS/CL/10141

The storage tanks, regasification plant, and accessories will be used for constructing a Liquefied Natural Gas (LNG) plant. 

The LNG liquefied plant (700 PTD) and Regasification Station (42,000Nm3/h) are effectively classified under tariff heading 841960000 as ‘Machinery for liquefying air or other gases' at a 5% rate of duty without levy,  while the LNG Storage Tanks (5000M3) and LNG Storage Tanks (2,500M3) is effectively classified in tariff heading ‘7311000000 as Containers for Compressed or Liquefied gas, of iron or steel’ at 20% rate of duty, 7.5% VAT and 40% Levy in the ECOWAS Common External Tariff (CET) 2022 -2027.

Legal Framework and Justification

GIR 1 (classification at the terms of the 4-digit heading) and GIR 6 (classification at the terms of the 6-digit subheading and beyond).