NCS/ARS/VL/10494

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 288 Tons, 11,520 Bags, packing: 25kg of INNOPLUS HIGH DENSITY POLYETHYLENE HDPE INNOPLUS HD3502C, imported from THAILAND.

 Your supporting documents have been reviewed and confirmation from the suppliers of your product has been obtained, accordingly, the Transaction Value Methodology that will be implemented to determine the customs duty and other charges of your shipment of  INNOPLUS HIGH DENSITY POLYETHYLENE HDPE INNOPLUS HD3502C  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: MF202601228897 and proforma Invoice 11000004369, dated 10/08/2026.