The Nigeria Customs Service (NCS) has approved a 90-day window for those who improperly imported vehicles into the country to clear them.
Mr. Abdullahi Maiwada (CSC), spokesman of the Service
announced this today, in a statement.
He explained that the move was part of Customs’ a proactive
move to enhance compliance and streamline import processes.
He added that the new window was in line with a directive of
the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale
Edun.
Mr. Maiwada said, “This initiative applies solely to
vehicles imported into Nigeria where the requisite customs duty has not been
fulfilled or vehicles detained due to undervaluation.
“While we strive for inclusivity, it is important to clarify
that vehicles seized and condemned will not be released under this arrangement
and shall be forfeited to the Federal Government in accordance with extant
regulations.
“All vehicle owners, Importers/Agents seeking to regularize
import duties on their vehicles are required to apply to the Zonal Coordinators
(Zones A, B, C, D) and CAC FCT Command.
“They must submit the necessary available documents and
process Vreg in line with the Federal Ministry of Finance directives for the
registration of imported motor vehicles.
“Valuation and assessment of the vehicles will be carried
out using the VIN valuation method.”
For the affected vehicles,
he said that Import Duty and a 25% penalty shall be paid in tandem with
the import guidelines, procedures, and documentation requirements for used
vehicles under the Destination Inspection Scheme in Nigeria (2013) and the
Nigeria Customs Service Act 2023.
In addition, the spokesman said duty payments must be made
using the Procedure Code specifically created for this exercise.
According to him, “This initiative reflects our unwavering
commitment to facilitating compliance. We encourage all stakeholders to
capitalize on this opportunity within the stipulated timeframe.”
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com