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Customs commence VIN valuation policy on imported vehicles

May 21, 2022Eve Afrique

by Mitchelle Uzorka The Nigeria Customs Service (NCS) has resumed the implementation of the suspended vehicle inspection number (VIN) valuation policy on imported vehicles on Friday. The decision was announced by NCS, in a letter dated May 17, 2022, and signed by Ajibola Odusanya, Deputy Controller, Administration, Apapa Area Command. The Letter reads; “In line […]

No going back on VIN valuation policy – Customs CG

March 19, 2022March 19, 2022Eve Afrique

By Mitchelle Uzorka, 06:20am The Comptroller-General of Customs, Hammed Ali, has said that the agency would not back down on the implementation of its vehicle identification number (VIN) valuation policy introduced in February. The valuation policy, which effectively hiked the Customs duty payable on fairly used imported vehicles by more than 200%, was resisted by […]