The Nigeria Customs Service (NCS) has come out to address a recent media report regarding the Vehicle Identification Number (VIN) valuation process.

Reports in some media stated that the NCS accused valuation officers on imported vehicles at the various commands of not complying with the procedure for examination, valuation, and release of imported used cars.

However, a statement by a spokesperson for Comptroller General of Customs Chief Superintendent of Customs Abdullahi Maiwada, said the information is misleading, aiming to distort the truth and misinform the public.

“While it is true that a circular about examination and release of used vehicles has been highlighted by the author, it is regrettable that the accurate context has been overlooked,” Maiwada said.

“The VIN Valuation Process remains fully operational and effective. The mentioned circular specifically pertains to imported used vehicles equipped with trim numbers.

“These trim numbers are critical in identifying distinct versions or tiers within a specific car model. They delineate varying configurations, features, and levels of equipment associated with the model.

“Furthermore, different trim levels offer diverse technological advancements, interior and exterior features, and, occasionally, distinct engine options.”

Maiwada stated that to ensure fairness and accuracy, the NCS mandates that imported used vehicles with trim numbers undergo valuation at the Valuation Seat after a thorough examination.

He said this process aims to establish the vehicle’s appropriate and precise Customs value.

He added that The NCS urges the general public to dismiss the misleading report and encourages individuals to engage with the various Customs Formations across the nation for any additional clarification or information they may require.
[ad unit=2]