Customs approves 90-day window to clear improperly-imported vehicles - NEWS FRONTIER DAILY


Sunday, March 3, 2024

Customs approves 90-day window to clear improperly-imported vehicles

The Nigeria Customs Service (NCS) has approved a 90-day window for those who improperly imported vehicles into the country to clear.

Mr. Abdullahi Maiwada (CSC),  spokesman of the Service announced this in a statement. 

He explained that the move was part of Customs' 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.

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."

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