In a heavy pot or a deep fat fryer, heat oil over medium heat to about 350.
Combine cinnamon, nutmeg and sugar in a shallow bowl and mix well.
In another bowl, beat powdered sugar and apple cider with whisk until smooth.
Separate dough into 8 biscuits.
Using small cutter, cut hole in center of each (you can use the cut-out parts to make donut holes, if you want)
Place biscuits in hot oil and fry each side until golden brown.
Remove from oil, dust in cinnamon sugar mixture and place on cooling rack.
Drizzle each donut with glaze.