Section 73: Computed value

1 The customs value of imported goods under the provisions of this section shall be based on a computed value consisting of the sum of -
a the cost or value of materials and fabrication or other processing used in producing the imported goods;
b an amount for profit and general expense equal to that usually reflected in sale of goods of the same class or kind as the goods being valued which are made by producers in the country of exportation for export to Nigeria; and
c in determining customs value under this section, the additions to transaction value authorised by section 69 of this Act shall be taken into account.

2 A person not resident in Nigeria may be required to produce for examination, or to allow access to, any account or other record for the purposes of determining a computed value.

3 Information supplied by the producer of the goods for the purposes of determining the customs value in this section may be verified in Nigeria with the agreement of the producer and provided sufficient advance notice is given to the Government of the country concerned that Government does not object to the investigation.