John Ofikhenua, Abuja March 24, 2024
The Nigeria Customs Service (NCS) has urged importers, vehicle owners to take advantage of the 90-day window initiated by the Federal Government to regularize their import duty on specific categories of vehicles..READ FULL ARTICLE HERE>>>>
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 press statement at the weekend.
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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.”
Maiwada said “The Nigeria Customs Service (NCS), under the directives of the Honourable 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.
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“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.”.READ FULL ARTICLE HERE>>>>
