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Customs suspend 25% fine on improperly imported vehicles

By Oluyemi Ogunseyin
22 March 2024   |   5:44 pm
The Nigeria Customs Service (NCS) has announced the suspension of the 25% penalty previously imposed in addition to import duty on improperly imported vehicles. The suspension was disclosed on Friday in a statement signed by the Customs' spokesperson, Abdullahi Maiwada. Maiwada said the suspension of the fine was approved by the Minister and Coordinating Minister…
NCS.Photo: NSC Portal

The Nigeria Customs Service (NCS) has announced the suspension of the 25% penalty previously imposed in addition to import duty on improperly imported vehicles.

The suspension was disclosed on Friday in a statement signed by the Customs’ spokesperson, Abdullahi Maiwada.

Maiwada said the suspension of the fine was approved by the Minister and Coordinating Minister of the Economy, Wale Edun.

He added that it was done to ease the economic hardship in Nigeria and encourage compliance.

Maiwada further said that the Nigeria Customs under the directives of Edun has initiated a 90-day window, effective from March 4, 2024 to July 5, for the regularisation of import duties on specific categories of vehicles.

“Stakeholders, including vehicle owners, importers, and agents, are encouraged to seize this opportunity to regularise import duty payments within the designated 90-day timeframe,” stated the Customs’ spokesman on X.

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