The Federal Government through the Nigeria Customs Service has said that the importation of Liquefied Petroleum Gas (cooking gas) under HS Codes 2711.12.00.00, 2711.13.00.00, and 2711.19.00.00 are exempted from both import duty and value-added tax.
This is even as the service stated that all debit notes issued to petroleum marketers who have imported LPG using these codes from August 26, 2019, to date will be withdrawn in line with previous approvals.
This was contained in a statement on Wednesday by the National Public Relations Officer of the NCS, Abdullahi Maiwada.
Maiwada also added that in alignment with President Bola Tinubu’s commitment to enhancing Nigeria’s investment in climate and increasing domestic gas utilisation, “the service will be implementing fiscal incentives under the Presidential Gas for Growth Initiative.”
“Furthermore, the importation of LPG under HS Codes 2711.12.00.00, 2711.13.00.00, and 2711.19.00.00 are exempted from both Import Duty and VAT. Consequently, all debit notes issued to petroleum marketers who have imported LPG using these codes from August 26, 2019, to date will be withdrawn by the NCS in line with previous approvals,” Maiwada stated.
