Business
Customs to reintroduce suspended e-valuation policy on imported vehicles
The Nigeria Customs Service (NCS) says it will re-introduce the suspended electronic valuation policy today, May 20.
NCS said this in a letter dated May 17, 2022, and signed by Ajibola Odusanya, NCS’ deputy controller, administration, on behalf of Yusuf Malanta, area controller in charge of the Apapa Command of the service.
The agency said there would be a sensitisation programme for stakeholders in the clearance chain in preparation for the redeployment.
“In line with the planned nationwide deployment of the VIN Valuation on Friday, 20 May 2022, and the need to continually enhance the platform for optimal performance and service delivery, the sensitisation which is scheduled to take place on Thursday, May 19, 2022, at 11:00 am is to hold at the Apapa Command conference hall.
“The Deputy Controller Administration, A Y. Odusanya, on behalf of the Customs Area Controller requested that clearing agents should send their representatives to attend, saying the session would benefit everyone and further clarify any question,” the letter reads.
Also known as vehicle inspection number (VIN), the policy has generated controversy since its introduction this year.
Maritime stakeholders and clearing agents associations had protested the deployment of the e-valuation policy and grounded activities at the ports.
The freight forwarders said the e-valuation system sharply increased duty paid on imported vehicles.
The objection forced NCS to suspend the implementation of the VIN policy, following the intervention of the House of Representatives.
Kayode Farinto, acting national president, Nigerian Licensed Customs Agents (ANLCA), said the association would speak after it attends the training.
“We’re going for training. So, we can’t say anything until we’re through with the training,” he said.
“We had one in Abuja, and we’ve given them advice. So, based on our advice, they are coming with the training.”
-
Latest1 week agoLagos NURTW organising secretary Toba Ajiboye dies after gunmen attack
-
Business6 days agoCBN targets $12bn annual Diaspora inflows to boost FX liquidity
-
Business6 days agoSEC launches nationwide campaign to help investors recover unclaimed dividends
-
Business4 days agoNigerian AI researcher champions ethical artificial intelligence at COPA AI 2026 summit in Wales
-
Latest1 week agoOyo APC berates Makinde over call for UN probe into Oriire school rescue
-
Latest7 days agoKwankwaso calls for renewed North–South-East Political alliance ahead of 2027
-
Business6 days agoCBN launches real-time FX tracker for BDCs, tightens oversight of FX market
-
Business5 days agoFood prices now biggest threat to inflation, beyond CBN’s reach – Analysts


