Economy

CUSTOMS ANNOUNCES 90-DAY WINDOW FOR IMPORT DUTY REGULARISATION ON VEHICLES

todayMarch 4, 2024

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The Nigerian Customs Service NCS yesterdayannounced a 90-day window for regularizingimport duties on specific categories of vehiclesfollowing the directive of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.

 In a statement signed by its Public Relations Officer, Abdullahi Maiwada Customs noted 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.

 The NCS stated that 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 and submit the necessary available documents and process VREG in line with the Federal Ministry of Finance directives for the registration of imported motor vehicles

Written by: Ella Adike

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