Customs announces 90-day window for regularising import duties on specific vehicles

Customs announces 90-day window for regularising import duties on specific vehicles
…Says no release for vehicles forfeited to government

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.

The Customs National Public Relations Officer, CSC ABDULLAHI MAIWADA, made this known in a press statement signed by the Service.

According to him, “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.”

He informed : “All vehicle owners, Importers/Agents seeking to regularise 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 necessary documents and process Vreg in line with the Federal Ministry of Finance directives for registration of imported vehicles.

“Valuation and assessment of the vehicles will be carried out using VIN valuation method. Import Duty and 25% penalty shall be paid in tandem with the import guidelines, procedures and documentation requirements for used vehicles under Destination Inspection Scheme in Nigeria (2013) and the Nigeria Customs Service Act 2023.

“Also, duty payments must be made using Procedure Code specifically created for this exercise.”

He enthused :  “This initiative reflects our unwavering commitment to enhance compliance. We encourage all stakeholders to capitalise on this opportunity within the stipulated timeframe.”