NCS/ARS/VL/10359

We have received an application from your company requesting for an advance ruling on the customs valuation methodology to be applied on your shipment consisting of 506 tons of Butterfly Popcorn imported from Argentina.

 Your supporting documents have been reviewed and confirmation from the suppliers of your product has been obtained, accordingly, the Transaction Methodology that will be implemented to determine the customs duty and other charges of your shipment of butterfly popcorn at the time of importation will be, the Transaction Value Method (invoice value or value presented on any other legal sales document) , having fulfilled the provisions of Article VII of the WTO Customs Valuation Agreement (1994) and Section 69 of the Nigeria Customs Service Act (2023).

Please be informed that this methodology shall be applicable and restricted to only the transaction with Form M Number: MF20260053304 and PFI number 00116158 dated 22 April 2026.