Business Hilights

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World Customs Organisation (WCO)

World Customs Organisation working on new taxonomy of goods from 2022

Global regulatory body of Customs, the World Customs Organisation (WCO), has introduced the seventh edition of the Harmonised System (HS) nomenclature used for the uniform classification of goods traded internationally but will come into effect by 2022. WCO usually introduces…

Customs adopts WCO idea, introduces AEO in cargo clearance

Poised to sanitise cargo clearance procedure, safety and security of imported goods into the country, the Nigerian Customs Service (NCS) has given an indication that it will adopt Authorized Economic Operators (AEO) in port operations. AEO is a programme introduced…