Nigerian Customs Service (NCS) has declared a three-month window for the regularisation of import duties for certain vehicle categories ‘improperly imported” into the country.
A statement by the Customs’ spokesperson, Abdullahi Maiwada, on Sunday, March 3, disclosed that the initiative was undertaken following instructions from the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
The service noted that the Vehicle Identification Number (VIN) valuation method would be used to assess the vehicles and import duty of 25% penalty would be paid.
The statement added that the measure was targeted at specific vehicles imported into Nigeria “without the proper customs duties paid or those impounded for being undervalued.”
Parts of it read; “In a proactive move to enhance compliance and streamline import processes, the Nigeria Customs Service (NCS), under the directive of the Honourable Minister of Finance and Coordinating Minister of the Economy, is pleased to announce a 90-day window for regularising import duties on specific categories of vehicles.
“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.”
“Importers/Agents looking to rectify their vehicles’ import duties status, should reach out to the Zonal Coordinators (Zones A, B, C, D) and the CAC FCT Command.”
