Follow Us on Google
From Ndubuisi Orji, Abuja
The Nigeria Customs Service (NCS) has suspended the payment 25% penalty imposed on improperly imported vehicles, in addition to import duty.
The NCS, in a statement, by National Public Relations Officer, Abdullahi Maiwada, Chief Superintendent of Customs, said the suspension of the penalty was approved by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
According to him, the move is aimed at easing economic hardship and encourage compliance with the 90-day window for the ” for the regularisation of import duties on specific categories of vehicles. ”
The statement read:”
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.
“To ease economic hardship and encourage compliance, the Honourable 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.
“Stakeholders, including vehicle owners, importers, and agents, are encouraged to seize this opportunity to regularise import duty payments within the designated 90-day timeframe.”
