The management of the Nigeria Customs Service (NCS) has suspended the Vehicle Identification Number (VIN), valuation policy recently introduced by the service on imported vehicles for 30 days.
This policy has generated disagreement between licenced Customs Agents and the service leading to the shutdown of port activities for the past two weeks.
Secretary General, Association of Nigerian Licensed Customs Agents (ANLCA), Mukaila Babatunde, reportedly said that the suspension will enable importers whose vehicle has been trapped to clear their vehicles.
He said, “the VIN valuation policy had been suspended by Customs for the next 30 days. This is so that vehicles can leave the various terminals and we will see what they will come out with.
“We are not against VIN valuation policy, but, against the outrageous value. We have asked them to consider accidented vehicles and mileage of vehicles imported as stated in the Customs Law”.
