South-East Traders Reject New Increment In Customs Import Duty(AFRICAN EXAMINER) – The South East Amalgamated Markets Traders Association (SEAMATA) has rejected the recent astronomical and indiscriminate increment of import duty on cargoes charged by Nigerian Customs Service. The group stated that the Nigerian Customs introduced a method of working out import duty payment on goods and set out a particular minimum amount payable for each 40ft container. They said current import duties are no longer calculated based on invoice value of consignments. “The Nigerian Customs on their own, work out payable import duty now based on “estimated” invoice value of consignment as against the actual invoice value of goods from the country of origin. “We are appealing to the Honourable Minister of Finance, Budget and National Planning to prevail on the Nigerian Customs to, as a matter of urgency, suspend the exercise.