CREATING
AN ENABLING
ENVIRONlllENT
FOR THE
IIvPLEMENTATION
OF GATT VALUATION
AGREEMENT
4
I'lR.LUCKY
EYIS
AII/IIWERO
FN
xAroML
patsrrtxr
LrrEr6r_0
ru5r0is
i6tif s
ORGANISED
BY
INTERNATIONAL
TRADE:
CHARTING
A NEW
COURSE
IN THE NEW
IUILLENNIUM

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CIII'4:]'ING
AN ENABLING
ENNRONMENT
FORTEE
]MPLEMENrAIION OF GATT
YALVATIOIJ
AGNEEMENT
ThecnairM
.:,tLrJ : l
'll \\4a.JgL"Dro.o.:\\'E r'dr \\l lllcsaol' il
ConplJolleFcenml : Nigdia Cuslons
S9j-aice
f-lenb I oa leI e:sl fo1 ardinJProfesi:on
DislincuislEd
nenrbers
ofthe PEss
Ladies
md Genllenen.
,,,,,,; lir'
Lod.d
l . or' r ^.1..
\\.gerrd sl pps-Cotn'i.e,pe'i3llr:edLn"
\\Jig'id
CusromSe
ice
foL
orgarising
this
seninu
to focus
altention
and
shde
idss
as Lo
holv bcst
to meet
lhe challengos
ofthe Cuslons
Vlluatior Agrcenont
of
Arricle
(7)
ofcAI'l t4 h the
next
nrillomium
*hich is al thc
door
lhhisanirFortantoccassion,co
ing tr it dd* o! the
llt*hold oftne
2l st
'' e to.o odir r""ieco 'o n ca:vl:e lot'e'L
L'".',e., i,,
uIro,
* . r -,..1rl
P .br ooce
on \\esrofa,cI'e
. l i n d u l g o o , l l d . o ; n d r b r a l i
J . ' o n . h
{ 6 c u e n t l ) b o q : u s s . d $ h e q o r l d
..1:1.:.,t::
Lo NEw
casloMs RUI
ES: r':llit:;j:'.{ir,r') .l.1ir:iirlili'rrn,'1L
,1 CR
Fr I t C \\ ! o\\ t vpLtL!f!Il7Jp)-9f.1!lIK!I
lyllg F
nt otttt tt,.r 4nnt I VEN!!!J inJfJlaulll/lLErl
q i,e**
, , om.
v Liioolo 'npo Rocoocprepaatt,
[F CArlW fO coDes
into foEe oa Joud] l st 2000 The Agreemdrt
whtrn
oovides
a uolord svsted
oicustons
valuaLionfoia
. 1lliiie'lr'o drEJr'"ipcdirioL.leri@ol-ood5vilibe
oae
ri
.t.i
t
' -cqor'oql'o _ nembP\\
i1l
".'c,oJ'hie
havc
aFedod
to the Agrocnetrt.
,.,
.,
8l
.'',"'
The
f l Jrus!av
Roundof
Multilatdtl
TmdeNeeotiation)
was
sicned
in
lqolb, ;e ;b(nJ0o E whtrhrncludeNigendfordre-
rolc ;fl.L"o'olF
.vlrro CA-rTlereendr'LbereEnrl
all;ws smce pdiod to be oilaied bv l6s devcloled
counhies
up to lhe
Dy rllc ye.f2000JMuarr
lst, Niserj!
k'a1-rd:d';
,1.,j", ^ .,-,'.,i.. .-i. ' l]slr4gloff+ll
rl'i'll
'l_ . '
^p
'" IccmcrlTsoldfor rrpo-o lemiL'v
I L,.at ir;ro^
tD ' ps"AtderL-'\\o
" ".p"."

---

( ' )
(i0
(iii)
,\\doprcd
^ccounling
Principle.
dl.
t2
PU R|'OSL
^Nlt 1:
EN
Lr I l\\
(i) io.g..f(.ruiln'.i1!aidr.ixtrxv
gnnr L!
/ir ThcDecJtur!rnilortrr..DdDeur
l svsre lor va uxlon
iiLi) l hc n. turlhe..drovrl.l.,Lilrrry
orllclitiotrscu{otrF
v'hLc
iivj Thr rc l,d{Lrbrsi: li,fr| trrlilDofslodssh'ftltic('l
v)
1mri.1n, i \\xIc oi loolsb!iIg!ihred
t t 1r tuL-\\ t t t P | ! t: ^' f1\\)!IJJJ!!!!!l|
! !l:1tl l[2
Drr^LLnll
\\rtl tU\\ ol lkl tal t tt lltL)l C 111 tt lft
IA L UA]' I O \\.1 G R E E I 1 I':A 1
lhtncLrrgLc. ei orruio.s
b! lbc Wo,ld l ic (Jrgni rrt or
\\Vilh
the.DDo
tr!rcrtof Pc{hilnno lirpeclion
AgcDG
irtrothe
coL
rlryi
iDronlrxdo.trhllbel,oLr
thetollrtin!globaldrLo$'ndxorfr
A,ti. e(Vllrilajrll l !rltrxlior.!gr.tireolrrLn!rtri11cn'u
ir
i
2)
co N j't. kr o rllL!!l!?LE:JlJp!-l!JY!
QM:p!!)(ll);
;irl;ni"r -:"" *1,"1i,'p,"bl.tri (o thc
irpolid/ttisLrrfosdrdo
and
\\ , o
L ' i . ' r ' n
f l
' r
ure
ThePrc-sltirnn.iltispc.Lnni43.Iiri.oolcor'rrgpatv'i
A!erLrL ,
I I cr Lr or\\\\ t )L'ATfo WCO ' lc
r,-d,b'
'
,
l d i i l
\\ r L ( ' i k
" , ; * '
lcr.r nidrlnirrrcorrLryoi
i Nl).dio i dpo(il dnalrv'rn$nnr oi
\\rhich..nlrrrdos
lheKYOlOcorrortiontilhc"niouL0r obnr'Les
rorrd..'r : Irf!i.i.f r.Il.fni!.drr.s

---

ENACTMENI OF GATI"'YTO CUS'I'OMS
YALU'4I'ION
RALES IN
",) Q!!N,4TrON L LAtv IN LINE WITE 1:1!E
l99t CONSTTAI ION
Se.tion l2 sub sclion (1) cledly stales
thal no lraty belwen the
federarion
md any olher connlry shall have
$e foice oflaw qcept to the
'extent to shich dy such heary has b*n emded into law by inc National
Asseflbly; md SectioD
( 12) sub secti
on (2) Nent fulntr io srate
th at ihe
National
Assflbly nay make
laws for &e fcderation
or dv pa|t lhere of
eilh resoect
to naltes mr nrcluded
in the dclusive legislative
list for dre
lurpose ofimllerenling a treaty.
lor lhe GAIT Valuation
Agre.menr
to hale lhe force olla\\x it nusl
onform irirn Section
i2 { I ) tnd (2) ofthe constiturion
bv rhe enaciment
nr the Nigeria Legal syster for ifio have enbcr
4.0 /1
M E^DM
E N T O
F C UST
OAS.4NDE]Q![E!ZME!L!E!L1II
AO s5 OF I9s3 SECI:p844
3) STCOND
SCftEDULI
F]B.SI SCHED UIE C P 81 LFN
lmcdcelenenrro
nktutiuh ute.
dre \\'itl'h'.'dEe orodr
,alleDri|ciD..on
:dcbr he' ollu' 1 ) 000.r'ee{r
dr'- la*s $r
eer-F\\" e.r oor' r\\ea-M \\ \\o 5t o lo58irJll\\'A
8dof
1990
should
be ancnded
to reflect
the chans6 i! our value svslen
!,p. d l/. irl _gdrds
oLl
e dop
iol 'f rc''a doe " o 11 \\"
drp. e on \\, ' e -s ouo
i.dri ro.iegslpro.er,
\\''1'tJ eab 'i Fh|nc
inpleneniation ollhe CAIT valution rules.
UA
L UE D IS P A TE iIES
OLV
TI O
N:AM!4!P.8!9!ZIPIEE4L
tYITHOUI PEN,lLf.Y
-o". *l-.." t" gc,tmt. o* e$ ot c 4[ vAIUATI o!
ACRC}-MI\\Ti .h.o al .J re{sflr r '-r .lplieJlo rule 1d
iFo' .,"a,;.t.
*ii ne \\e,..epkd\\ ''re A .lc'l fm\\ide-
"
thallhennDorLerhas
rhe isht to appealasaiDstavaluation
dotdninatioi nDdc by the CustoDs
adninistLation,
lbat the lmponers
have
rhe iaht in dre nnal instmce
to thejudiciarv.
For the facilitation
and ccoivnrx rhe valuation
dispute,
n is especled
that:
lil
an established
procedure
to dlive !t thejudicial
proc6s
duc
to
''
le rqhLv
refcEn;e fton as Comands lo tne Eeadquarte*
in
Adj aih e .olincation Procds or vatue de.i si on d vdious l€vels to
fr.lol,i foNrrdcdimDortes in verv esmnd
, :, Ihe-"ne'.
ofrtr ^'oituul ^roe: srcs.l FI ac\\' *D pL n
pla.e
ol".eiretl'F-Fc..e.l.pp."
Fo' 0 oo' eJfFigli
' b
$ - o P \\ i \\ . 4 e s e i D
l l e f o e '
o l o r " : n l a ' d
" d r e
Droc4s
ofapPeai
fton the low lerel ofcostons Atea C'nmed Lo

---

HendqrxrlcsshouldbeestabLisbed
lorcascresolleol
rhe dis.ulo.
{i i) Wholakescdoof
the.ostofmoliirsrheappeal
tmmstaeetostase
ard how
will fieighlfoMfdesreceircLheresolvcdappel
fron,
Abrit
cpe.rl) \\r're
' 'n dron.nif _\\ir,
bearins
ir nii.d lhc aspcct
of lhe
Agreenrcnfihat
does
noi allow
lnr
\\vith lhe.xpcctcd
number
orqueries
fronr
various
Customs
^rca
Codn.nds that ls expecLed
lhroush counlry.
has efechve
beensettolcconodaleihcexpectedinflur?
ForproximiryisnolbelterlnttheZonal
connnands
wirhiDmost
CnslonNfornlatioos
lo i.ke resDonsibilily
of ihedelctnination
of I re value
disputc
fof I re fxciliiniioD
of pnce$ of valuedisnrtrcl
YALLI^T]ON DISPU TI: ATI
'l lc apDlicariod
of lhe rules
of Gdl't Valualion,Asreedenl,
h based
on
scquential
order,
lhat n,LvheEthcCtrslon{valuccanooLbed'icni'red
ufderihcpro!nio.of^rlicle(1),i{
htobedetennircdbvproceedrg
seqredLially
tlrrcush
rhe
{L.cccdins
ArLiclelo
thc fi lsr ruch
A11
icle
ndor
ihich lhectrnoos
vxluc.rr be{lolcrii icdi ir isonlvwheo
rhoctrnoi's
ralue curol tr. dctcnnitr.d
trDdcr
lhe provisioDs
of atarticuLarAn'cLc
!iatlhcprovi!orsollhencxlA.liclcnrlhescqucncecadbcrs'd
llr11
is
And if aft
er applyins
aU
priciples
as coilrnrcd
nr laious Alr icles
ol th.
agrc€DredrandtlreiinPo
e.stillinshtsonhisvahLe,itisassumeddrdlrlre
accepledglobxl
aPplicarioD
o I nrtcnr.lioial
lradcwhichison
cf enl
DoDreslic
vxt c (CLIV)
of e\\po|lcrs
country
sliould
!pplv
Thc.pplicllidtr oflhe pioccdutc
oa(CDV) will etrhil ll'c NLgcna
C0sioosSc iceronddprLhccoDceProlclecto.iccoinnerc'forlhe
lnneacqilb srlclliic retrorlt lbreasvr.ccssionr$n!!onrr
prLcedrr
of vaioLs ircnr.The
shlic data
coll.ction
of previous
lmnsacr''n{
n n'r
in lnre
wilh irtenDrional
price
dyiamir'n
thatv'rklhrough
msrker
rorcc

---

I'IIE EXCHANGENAIE POLIC' OT IIIE
couNfRv ANtt 4 PPLICA1l9!! 0F cAff
tlA La)ftoll
.4GltEEMErll
. ' . p o n D l c r s s m p o r r r p I o I e e o _ o ' ! t _ | D e n g o - l e
o
\\
--;..".,,'
,i.rrF\\a^
|eo'on)
rpo'o {ed\\I
l
reliesnannyonthedcler
Dllionof
exchangeraterorthe*sess'nenr
and calculation
ol inpolt duL!.
ln rhe GAIT Vahation AgrecmelL
Aficle {9) it is staied
$rt' vlrere Lhe
convcsion ofcutrency
k neccssnrv
tor dre deternnration
ofthe cusLot's
valle, ilE Ete ofexchnDge
to bc used
lhall be that dnlv publishcd
bv the
conrDetentauthoritvof
rhe
counqof nnpolration,
andil{enttunhe'to
say;ledlyth.t.&econ!6io.€lclo
beusedshallbeihxii'reflectal
thetinEofimPoddron.
5.1 cusTotrls tNTEnPRFn ON
ln.NG'
a o, reu'r'pra'ior
r) fer'"di 're
"ar'o'
LL.om,do.-'evd
!
' q
!'84 11\\ eroo 8 '!l
'
slates
thattlrelime
of nnpo.Lrtion
olanv eoods
shall
be d*'ned to be:
Wnere
lhe goods
arc brorghi by se4 tie tine when tnc sbi?'drvrog
Llran came
wiilrin Nigoria:
WheE the soods d; brouglrt bv air, the tine wben the air'mlt
mryingthm hdds
nrNigerir
oithe tiseslEn its$ unload{li
Wh;reihesoodsarebrougbtbvlmdorinldndwales
lhetinelhe
goods
are brought
irxo Nigeria
5.2 CENTR'4L
BANT NTERPRETATION
flc"nt.al
eunt of fiie*ia as an or$nhation rosponsible
lor
',on oi'-nul
."eol'r'i'.
'l- ' ' cd :n )"p a ''q 4oo\\'
h_ ro'e'
-r-e
'
"
diJ'o''',otr
e e'Lei"tdi-r'0orL
duty inrcspectolall
Fgisr.rcdFonn M valido'notElidfortbrcrr'
ercha nse. sha
l L be lhc C B N. inlervention ratc prev'nrg tti
G) Tietin€ofsoivrlolre$elf
nderDcstinalitnlnspcctionschemd
forlmnsnction
thai are eligiblelbr
thcprovGion
of l$r$itional
dfrrEe enl. and
(b) The lide ofinspection ofgoods undcr pFshipdeor insrection

---

wilhlheconnidintheapplicalionof
exchangedeonouituponftde
i,.l..o" D r\\ic'ofIed o".Ftr rF doweadop
+p-qhL'/
bei' Ei:.. r' ,ormr*. on'" ci r" JeF' nirlre ' o' o o if irrE
if rlE Centll Bank
guidelin€will
supcrcedelhat
of Custons
and
GAAI'
ihen iheE is lhe ne; lo anend tlre secrion
oflhe CEMA to refledt
thc
TbankyouandGodBless

---