Semi-Knock Down

The Electricity Meter Manufacturers Association of Nigeria (EMMAN) has appealed to the Federal Government to review its levies on imported electricity meters to promote full local content in the production of pre-paid meters. The appeal is coming on the heels of President Muhamadu Buhari’s approval of one year deferment of the 35 percent import adjustment tax (levy) imposed on fully built unit (FBU) electricity meters HS Code 9028.30.00.00 under the 2019 fiscal policy measures for the implementation of Economic Community of West African States (ECOWAS) common external tariff (CET) 2017 – 2022. EMMAN believes the approval is an incentive for mass importation of pre-paid meters as against upscaling of local production. It noted that it takes an average of three months to set up Semi Knock Do...