Business
Customs Implements New Vehicle Import Tarrif
The Tin-Can
Command of the Nigerian Customs Service (NCS), says it has started implementing the 35 per cent duty on imported vehicles as directed by the Federal Government.
In a statement signed by the command’s Public Relations Officer, Mr Chris Osunkwo, the command said that Fully Built Unit (FBU) cars under H.S. code 87.03 would also attract a levy of 35 per cent.
The command, however, said that vehicles whose bill of lading was dated not later than March 31 and arrived before June 30, would attract the old duty.
It said that such duty would be irrespective of the date of opening of “Form M” and letter of credit.
According to the command, used vehicles will be imported at 35 per cent duty rate without levy till June 30.
It said that fully built commercial vehicle falling under H.S Code 87.02, 87.04, 87.05, 87.06, 87.07, 87.16 would attract 35 per cent duty without levy.
Osunkwo told journalists that any clearing agent, who needed clarification should direct his or her grievances to government.
However, General Secretary, Association of Nigerian Licensed Customs Agents, (ANLCA) Mr Chuks Kanikwu, vowed to continue to protest the sudden implementation of the policy.
“Because of the sudden implementation, most clearing agents have run into debt because there is usually a contractual agreement between an importer and the agent.
“The clearing agents had already entered into this agreement with the hope that the implementation of the tariff will start on July 1.
“If an agent returns to the importer to ask for additional money, the agent will become a liar and this is not good for business,’’ Kanikwu said.
Kanikwu said that the ANLCA members were sad over the sudden implementation of the policy.
He urged the Federal Government to re-examine its National Automotive Policy, which occasioned the increase in the duty, pending when car assembly plants were in place.
The Tide reports that the agents began protests on the issue since May 6.
Business
NCDMB, Jake Riley Empower 250 Youths On Vocational Skills
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
-
Oil & Energy4 hours agoNNPCL Unveils Gas Master Plan 2026 …….Targets 10bcf/day production
-
Business3 hours agoNCDMB, Jake Riley Empower 250 Youths On Vocational Skills
-
News5 hours agoGovs Move To Prioritise Sugar For Industrial Growth
-
Sports4 hours agoEkitike Stars As Liverpool Upstage Newcastle
-
Politics2 hours agoPFN Rejects Call For INEC Chairman’s Removal Over Genocide Comments
-
News5 hours agoLand ownership disputes are civil matters, not police cases – FCID
-
Sports4 hours agoVilla Falter In Title Race After Home Loss
-
Niger Delta3 hours agoPDP Declares Edo Airline’s Plan As Misplaced Priority
