Customs Made N2.79B During 90-day Window For Regularisation Of Improperly Imported Vehicles

Nigeria Customs made N2.79 billion during 90-day window for regularisation of import duties on improperly imported vehicles.

Effective from 4th March, the 90-day window applies to imported vehicles, where the requisite customs duty has not been fulfilled.

The Nigeria Customs Service (NCS) says it generated N2.79 billion in revenue during the 90-day (three months) window for the regularisation of import duties on vehicles improperly imported into the country.

Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, made the disclosure on Wednesday June 19th during a press conference in Abuja to mark his one-year in office.

“N2.79 billion Recovered from the 90-day window for the regularisation of the documents of uncustomed vehicles,” said Bashir Adewale Adeniyi, in a statement by the NCS.

The Nigeria Customs Service (NCS) had in March announced the approval of a 90-day window, effective from 4th March 2024 to 5th June 2024, for the regularisation of import duties on specific categories of vehicles.

The now discontinued 90-day window applies solely to vehicles imported into Nigeria, where the requisite customs duty has not been fulfilled or vehicles detained due to undervaluation, and not for seized or condemned vehicles.

“This initiative applies solely to vehicles imported into Nigeria where the requisite customs duty has not been fulfilled or vehicles detained due to undervaluation,” NCS said in a Press Release on Sunday March 3rd 2024.

“While we strive for inclusivity, it is important to clarify that vehicles seized and condemned will not be released under this arrangement and shall be forfeited to the Federal Government in accordance with extant regulations.

“All vehicle owners, Importers/Agents seeking to regularize import duties on their vehicles are required to apply to the Zonal Coordinators (Zones A, B, C, D) and CAC FCT Command.

“They must submit the necessary available documents and process Vreg in line with the Federal Ministry of Finance directives for the registration of imported motor vehicles.

“This initiative reflects our unwavering commitment to facilitating compliance. We encourage all stakeholders to capitalize on this opportunity within the stipulated timeframe.”

• See Also : Customs Generated N4.49 Trillion In One Year Under Comptroller-General Adeniyi’s Stewardship