Eko Hot Blog reports that President Bola Ahmed Tinubu’s led government has suspended the 25 per cent penalty fee on improperly imported vehicles.
The development was confirmed in a statement released on Friday by the Nigeria Customs Service (NCS) National Public Relations Officer, Abdullahi Maiwada.
Editor’s Picks
-
Wanted: Defence Headquarters Launches Manhunt For Simon Ekpa, 96 Others
-
May 1: Tinubu May Announce New minimum Wage On Workers’ Day
-
Abure No Longer Labour Party’s Chairman – NLC Declares
According to Maiwada, the NCS had received instructions from the Minister of Economy and Coordinating Minister of Finance, Wale Edun, to temporarily suspend the charges on improperly imported vehicles.
The Federal Government recently introduced a 90-day period for individuals to regularize their import duties on certain types of vehicles.
The service had previously stated that import duties and a 25 per cent penalty must be paid in accordance with the import guidelines, procedures, and documentation requirements for used vehicles under the Destination Inspection Scheme in Nigeria (2013) and the NCS Act 2023.
However, Maiwada provided an update stating that the service has now been instructed to establish a three-month window for the regularization of import duties on specific categories of vehicles.
He said: “The Nigeria Customs Service, 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.
Further Reading
-
How I Stay Agile And Fit Despite My Age – Obasanjo Reveals
-
Obasanjo Calls On Governors To Stop Paying Pensions To Former Governors, Praises Otti
-
Keyamo Emulates Tinubu, Bans Foreign Trips For Aviation Ministry Officials
“To ease economic hardship and encourage compliance, the Honourable Minister and Coordinating Minister of the Economy has approved the suspension of the 25 per cent penalty previously imposed in addition to import duty on improperly imported vehicles.
“Stakeholders, including vehicle owners, importers, and agents, are encouraged to seize this opportunity to regularise import duty payments within the designated 90-day timeframe.”
Click To Watch Our Video Of The Week
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
