FG APPROVES 90-DAY WINDOW FOR PAYMENT OF IMPORT DUTY ON IMPROPERLY IMPORTED VEHICLES

The Nigeria Customs Service (NCS), through the directive of the Honourable Minister of Finance and Coordinating Minister of the Economy, in a proactive move has approved a 90-day window for regularizing import duties on specific categories of vehicles.

This initiative, according to a statement from the service applies solely to vehicles imported into Nigeria where the requisite customs duty has not been fulfilled or vehicles detained due to undervaluation.

The statement statement 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.

The NCS however, called on vehicle owners, Importers/Agents seeking to regularize import duties on their vehicles to apply to the Zonal Coordinators (Zones A, B, C, D) and CAC FCT Command and also submit the necessary available documents and process Vreg in line with the Federal Ministry of Finance directives for the registration of imported motor vehicles.

The statement also stated that, "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 the excercise".

"This initiative according to the statement as made available by the National Public Relations Office of NCS, Abdullahi Maiwada reflects the unwavering commitment to facilitating compliance thereby encouraging all stakeholders to capitalize on this opportunity within the stipulated timeframe".

Comments

KNIGHTS OF ST. JOHN (KSJI) TAKES A SWIPE AT BAD LEADERSHIPS IN NIGERIA

Maj. Gen. (Prof) Remy Uche, KSJI Supreme Subordinate President, Nigeria. As Christians all over the world marked the feast of the Passion of St. John the Baptist on August 29 commemoration of his beheading by King Herod for speaking up to the truth, the Knights of St. John International (KSJI) of the Roman Catholic Church has taken a swipe against which it described as obnoxious and draconian leaderships in many spheres of life in Nigeria. The Knights of St. John International (KSJI), a sodality organisation of men and women looked up to in the Roman Catholic Church as people of integrity, is not happy with the current situation in the country where leaders in some places are not serving expectedly. According to a press statement made by the KSJI leader in Nigeria (Supreme Subordinate President), Maj Gen. Remy Uche (Prof), and signed on his behalf, by his Chief of Staff, Sir Abuchi Anueyiagu, to mark the feast of the Passion of St. John the Baptist, the patron saint...

Eze Uchendu Applauds Compt. Olomu's Outstanding Performance In Apapa

...Berates APMT For Lack of Capacity & Technicality ...Calls FG to Set Up Committee To Access APMT Operations In Nigeria The remarkable performance of the Customs Area Controller of the Apapa Customs command, Comptroller Babatunde Olomu fsi has been commended by a renowned freight forwarder, the Chairman of National Association of Government Approved Freight Forwarder( NAGAFF), Apapa Chapter, Fowdr. Prince Eze Uchendu. Accessing the Apapa Command under the control of Compt. Olomu, the chairman applauded the resilience and doggedness of the area controller in all areas of operation, in his words, "I think for now we have a good controller, the person of controller, Babatunde Olomu, since his inception as the CAC Apapa, I can say Apapa Command has never had it so good, so I can score the Nigeria customs high In all fields of endeavour, the controller has been a moving controller, he's not a controller that stays in office. He comes to the terminals ...

Kabiesi Akintola Becomes A First Class King And Permanent Member of Osun State Council of Kings

A Retired Senior Customs Officer, Deputy Comptroller Akintola Imran Ayodeji (Rtd) has become a First Class King and permanent member of the esteemed Osun State Council of Kings. He signed his letter of appointment on the 19th day of August 2024, at a momentous occasion which marked a significant milestone in his journey as a traditional leader and a proud son of Osun State. His Royal Majesty Oba Akintola Imran Ayodeji, The Alua Of Erin Oke Kingdom Ijesa, after signing his letter of appointment saod felt a deep sense of responsibility and commitment to serve his people and uphold the rich cultural heritage of the great state of the Living Spring. This appointment is not just a recognition of his own achievements, but also a testament to the trust and confidence placed on him by the people and the Council of Kings. As a First Class King,the Kabiesi has pledged to work tirelessly to promote the welfare and development of his ...

Maritimegistplus

Search This Blog