Sunday, March 3, 2024 - The Nigeria Customs Service (NCS) has
announced the approval of a 90-day window for payment of import duty on
improperly imported vehicles.
A statement
issued on Sunday by the Customs National Public Relations Officer, Chief
Superintendent of Customs, Abdullahi Maiwada, said the move was to enhance
compliance and streamline import processes.
Maiwada said that the initiative applies
solely to vehicles imported into Nigeria where the requisite customs duty has
not been fulfilled or vehicles detained due to undervaluation. He also noted
that vehicles seized and condemned will not be released under the arrangement
and shall be forfeited to the Federal Government.
Titled "Approval of 90-day window for
payment of import duty on improperly imported vehicles," the NCS advised
vehicle owners, importers/agents seeking to regularize import duties on their
vehicles to apply through the Zonal Coordinators (Zones A, B, C, D) and CAC FCT
Command.
The statement partly 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 regularizing 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."
It added, "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. 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. Also, duty
payments must be made using the Procedure Code specifically created for this
exercise.
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