Nigeria Customs Unveils New Automatic VIN Valuation System For Imported Vehicles

Nigeria Customs Service (NCS) unveils new automatic VIN Valuation system for imported vehicles.

What customs needs from the trader is the VIN number and the system will automatically datas across the world.

The Nigeria Customs Service (NCS) has introduced a new Vehicle Identification Number (VIN) Valuation system that will aid the valuation of vehicles coming into the country.

The new VIN Valuation system is an automated system that is designed
to aid the valuation of motor vehicles entering Nigeria through the borders.

Speaking during the unveiling of the new VIN Valuation, the Assistant Comptroller General of Customs, ICT/Modernization, ACG. Saidu Galadima, said the high importations of cars into the country necessitated the introduction of the digital tool.

“Importation of cars happened to be one of the major imports into the country and as people request for a standardized method of valuation, the service decided to develop this to aid the valuation of motors vehicle entering Nigeria through our borders.

“It’s a system that uses artificial intelligence to allocate appropriate values and taxes by using Vehicle Identification Number, VIN at the trader’s zone.”

“What customs need from the trader or his agent is to input the VIN number and the system will automatically access based on the available data across the world. it will bring out all data regarding the vehicle; the make, the year’’.

• See Also : Nigeria Customs Service Generated Revenue of ₦2.24 Trillion In 2021

The Assistant Comptroller General also highlighted the benefits of the new VIN system to both Customs and Nigeria.

“In all this process there is no form of human contact, the system uses artificial intelligence to allocate the appropriate value hence there is no human interference, that’s why we call it self-declaration.”

“You know the cost of your vehicle and your input…. If you declare correctly and you make payments, within 6 hours you will be out of Customs control. The result is trade facilitation. We are appealing to Nigerians to make the best use of this system we have deployed and rolled out, recently’’.

Until now, the Nigeria Customs Service goes on the Internet to pick values for the vehicles coming into the country, a practice which has drawn wide criticism among owners and dealerships.

• See Also : Many Escort Vehicles Used By Ministries, Departments And Agencies (MDAs) Were Purchased From Smugglers – Customs