Customs Exempts pharmaceutical products From Import Duty, VAT
Oluwakemi Kindness The Nigeria Customs Service (NCS) on Wednesday announced the exemption of import duty and Value Added Tax (VAT) from critical raw materials essential for the production of pharmaceutical products for a period of two years. This exemption according to Customs covers Active Pharmaceutical Ingredients (APIs), excipients, and other vital raw materials required for manufacturing essential medicines, Long-Lasting Insecticidal Nets (LLINs), Rapid Diagnostic Kits, reagents, and packaging materials. This […]