Nigeria Customs Service Archives

Clearing agents kick as Customs re-introduces e-valuation next week

Clearing agents operating in the nation’s maritime sector have kicked against the planned re-introduction of e-valuation of imported vehicles by the Nigeria Customs Service next week. At the launch of the Vehicles Identification Number for valuation of imported vehicles in February, a number of stakeholders had voiced their displeasure over VIN’s objectivity, pointing out that […]

agencyreport
27th April 2022
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Anger as customs sell seized vehicles as scrap

News Ports and Airports

Maritime lawyers oppose 15% imported vehicle levy

AS the controversy surrounding the introduction of 15 per cent National Automobile Council levy on imported vehicles lingers, some maritime lawyers have demanded court intervention as a way of resolving the matter. The Nigeria Customs Service had recently introduced a 15 per cent NAC levy on used imported vehicles, a decision which didn’t go down […]

agencyreport
20th April 2022
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94 Views

News Ports and Airports

Imported vehicles: Dealers threaten shutdown over 15% levy

As controversy continues to surround the introduction of 15 per cent National Automobile Commission levy imposed on imported used vehicles by the Nigeria Customs Service, car dealers have threatened to close their stores this week. The NCS had recently introduced a 15 per cent National Automobile Commission levy on used imported vehicles, a decision which […]

agencyreport
19th April 2022
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100 Views

Maritime News Ports and Airports

Clearing agents reject Customs’ 15% levy on imported vehicles

CLEARING agents have rejected the imposition of 15 per cent levy on imported vehicles by the Nigeria Customs Service. The NCS had, last weekend, introduced a 15 per cent National Automobile Commission levy on used imported vehicles, a decision which didn’t go down well with the clearing agents. The agents have argued that the NAC […]

agencyreport
15th April 2022
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139 Views

Economy News

NASS to pass Buhari’s revised 2022 fiscal framework today

The Senate and the House of Representatives will on Thursday (today) pass the revised 2022 fiscal framework of the Federal Government. The President of the Senate, Ahmad Lawan, made this known after the report of the Committee on Finance was stepped down today for consideration at the plenary on Wednesday. The Majority Leader, Yahaya Abdullahi, […]

agencyreport
14th April 2022
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162 Views

Maritime Ports and Airports

Imported vehicles: Customs slam 15% levy, clearing agents plan strike

CLEARING agents operating in the nation’s maritime sector may withdraw their services following the reintroduction of a 15 per cent National Automotive Council levy on imported used vehicles by the Nigeria Customs Service. NAC had in 2011 proposed 35 per cent duty differentials between imported fully-built units and locally assembled cars. The proposal reportedly failed […]

agencyreport
12th April 2022
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140 Views

E-commerce Maritime Ports and Airports

No plan to reduce duty on imported vehicles – Customs

The Nigeria Customs Service has said that there are no plans for duty reduction on imported vehicles. There are speculations that the service has reviewed the tariff on imported used vehicles from 35 to 20 per cent. According to the news, the duty rate is applicable on Common External Tariff trade portal under HS Code […]

agencyreport
7th April 2022
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166 Views

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Tag: Nigeria Customs Service