March 23, 2024
The Nigeria Customs Service (NCS) has urged importers and vehicle owners to take advantage of the 90-day window by the Federal Government to regularise their import duty on specific categories of vehicles.
This is coming on the heels of the cancellation of the 25% penalty on improperly imported vehicles.
NCS National Public Relations Officer, Chief Superintendent, Abdullahi Maiwada made this known in a statement at the weekend.
He said: “Stakeholders, including vehicle owners, importers, and agents, are encouraged to seize this opportunity to regularise import duty payments within the designated 90-day timeframe.
“The Nigeria Customs Service (NCS), under the directives of the Minister of Finance and Coordinating Minister of the Economy, has initiated a 90-day window, effective from 4th March 2024 to 5th July 2024, for the regularisation of import duties on specific categories of vehicles.
“To ease economic hardship and encourage compliance, the Minister and Coordinating Minister of the Economy have approved the suspension of the 25% penalty previously imposed in addition to import duty on improperly imported vehicles.”
