9 March 2017

Nigeria: Vehicles Duty - Customs Cuts 60 Percent for Models Below 2016

Photo: The New Times
(file photo).

The Nigeria Customs Service (NCS) has enforced the April 12 grace period it gave to those having uncustomed vehicles to pay duty while granting a 60 per cent rebate on the Duty Paid Value (DPV) for vehicle models from 2015 downward.

The Acting Public Relations Officer (PRO), Mr. Joseph Attah, who briefed newsmen in Abuja yesterday on the reviewed directive said the grace period began on Monday and would last till Wednesday April 12, 2017 for vehicle owners and dealers to pay at the nearest Customs Area Commands except for Lagos and Port Harcourt.

Recall that the Senate on Tuesday said NCS should suspend the directive until a proper explanation by the Comptroller General of Customs, Col. Hameed Ali (rtd). Reacting, Mr. Attah said the Service will provide adequate information to the National Assembly to make them understand the objective.

Giving reasons for compelling all vehicles to pay duty, the service said it is boosting revenue and enhancing national security through the Vehicles Identification Number (VIN) Project. It has the Federal Inland Revenue Service (FIRS), Federal road Safety Commission (FRSC), Vehicle Inspection Officers (VIO), and Nigeria Police Force (NPF) as partners.

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