Customs To Implement New CET On Imported Used Vehicles

The Nigeria Customs Service (NCS) on Monday formally announced that it has decided to implement the new version of the Economic Community of West African States (ECOWAS) Common External Tariff (CET) which will last from now to 2026.

The Service, in a statement by the National Public Relations Officer of the Service, DC Timi Bomodi, had been using the old version of 2017 to 2021.

The implementation according to the statement which takes immediate effect, was in line with the requirements of the World Customs Organization (WCO) of five years review of the nomenclature.

Bomodi said all contracting parties were expected to implement the new version, adding that Nigeria has adopted all tariff lines with adjustments in the extant CET.

The statement reads, “On Friday the 1st of April 2022, the Nigeria Customs Service migrated from the old version of the ECOWAS Common External Tariff (2017- 2021) to the new version (2022- 2026); This is in-line with WCO five years review of the nomenclature. The contracting parties are expected to adopt the review based on regional considerations and national economic policy".

“The nation has adopted all tariff lines with few adjustments in the extant CET. As allowed for in Annex II of the 2022-2026 CET edition, and in line with the Finance Act and the National Automotive policy, NCS has retained a duty rate of 20% for used vehicles as was transmitted by ECOWAS with a NAC levy of 15%. New vehicles will also pay a duty of 20% with a NAC levy of 20% as directed in Federal Ministry of Finance letter ref. no. HMF BNP/NCS/CET/4/2022 of 7th April 2022".

“It is instructive to note that domestic fiscal policy on the importation of motor vehicles and other items is targeted at growing the local economy in these sectors. The focus of NCS is on implementation of these policies in the hope that it achieves its desired objectives in line with National Automotive Policy and other fiscal policies of government.

“The NCS has also activated the use of Chapters 98 and 99 of the CET, in accordance with WCO recommendation for national use by contracting parties, which in our case promotes industrialization
through sectoral and sub-sectoral incentives for members targeted at economic growth, enhancement of security and minimized consumption of unwholesome goods.

“It should also be noted that the Automotive industry, bonafide assemblers, manufacturers of auto spare parts and other local manufacturers enhance technology transfer and skill acquisition, create jobs and increase per capita income.

“In Chapter 98 of the current CET – Bonafide Assemblers importing Completely Knocked Down (CKD) and Semi Knocked Down (SKD) are to enjoy a concession of 0% and 10% Duty rate respectively. While within ECOWAS, duty rate for same items are 5% and 10% respectively".

Comments

NCS Medical Team Trains Apapa Area Command Officers On First Aid

The Nigeria Customs Service (NCS) medical team yesterday trained officers and men of the Apapa Area Command on basic first aid training. ‎ ‎The Customs Area Controller of the Command, Comptroller Emmanuel Oshoba according to a press release issued by the public relations officer of the command, Superintendent of Customs SC JT Ayagbalo described the initiative as a crucial investment in workplace safety and operational readiness. ‎ ‎In his welcome address, Comptroller Oshoba emphasized that the programme reflects the priority placed on staff welfare by the Comptroller-General of Customs, Bashir Adewale Adeniyi, MFR. ‎ ‎He described first aid knowledge as a universal life skill that every adult should possess, especially officers as they are frequently exposed to high-risk operational environments. ‎ ‎ Oshoba noted that simple but timely interventions such as; CPR, bleeding control, choking relief and stroke recognition often determine whether a victim survives, fully recov...

NIMASA Reshuffles Management Team For Enhanced Efficiency And Inter-departmental Collaboration

I n an exercise aimed at strengthening inter-departmental collaboration and inject new energy into the system to further improve performance and enhance efficiency across the maritime sector, The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced a strategic redeployment of its management staff as part of efforts to enhance operational efficiency and service delivery in line with its core mandate. Under the new structure, according to a press statement issued by Mr. Edward Osagie FNIPR, Head, Public Relations Officer of the agency, a total of 56 management staff were affected in the exercise. Notable amongst those redeployed are; Hajia Moji Jimoh who becomes Director, Administration and Human Resources; Aishatu Jidda, Director, Planning, Research and Data Management Services; Barr. Heaky Dimowo, Director, Legal Services/Board Secretary; Isichei Osamgbi, Director, SERVICOM; and Mrs. Olubusola Obasanjo-Akande, Director, Western Zone. Othe...

Comptroller Otunla Gives Insights On Strategies Adopted In Achieving Mandate At Ogun1 Command

Comptroller Godwin Aderounmu Otunla, who assumed duties as Customs Area Controller of Ogun 1 Area Command of the Nigerian Customs Service Idiroko, Ogun State on Thursday 24th of April 2025 has continued to build on existing successes, strengthening the fight against smuggling and emphasizing his commitment to professionalism and integrity in customs operations. The Comptroller, in an exclusive interview with a group of selected journalists at the command's headquarters in Idiroko last Friday in the presence of the Public Relations Officers of the Command, CSC Chado Zakari revealed strategies he has adopted in achieving his mandate of trade facilitation, anti smuggling and revenue generation not leaving out officers welfare at the command. Excerpts : Question : Sir, having served for upward of 34 years now and reaching the pinnacle rank of Comptroller of Customs, and Customs Area Controller, how would you describe the feelings sir?‎ Response: Yes, am very, very elated with good ...

Maritimegistplus

Search This Blog