Saturday, November 8, 2025
Home Business IMPORT DUTIES: FG CANCELS  25% PENALTY ON IMPROPERLY IMPORTED VEHICLES

IMPORT DUTIES: FG CANCELS  25% PENALTY ON IMPROPERLY IMPORTED VEHICLES

The Nigeria Customs Service (NCS), under the directives of the Honourable Minister of Finance and Coordinating Minister of the Economy, has initiated a 90-day window, effective from 4th March 2024 to 5th July 2024, for the regularisation of import duties on specific categories of vehicles to ease economic hardship and encourage compliance
This is contained in a statement signed by the National Public Relations Officer
for Comptroller General of Customs
Chief Superintendent of Customs, Abdullahi Maiwada
The statement also reels out that
The Honourable Minister and Coordinating Minister of the Economy also  approved the suspension of the 25% penalty previously imposed in addition to import duty on improperly imported 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.
RELATED ARTICLES

DANGOTE CEMENT TRANSPORT OBAJANA CELEBRATES 2025 SUSTAINABILITY WEEK WITH SCHOOLS AND COMMUNITY AWARDS

  At Obajana in Kogi State, Dangote Cement Transport has reaffirmed its commitment to sustainability and community development as it marked its 2025 Sustainability Week...

FCCPC SEALS FIVE TEXTILE WAREHOUSES IN KANO OVER CONSUMER EXPLOITATION

The Federal Competition and Consumer Protection Commission (FCCPC) has sealed off five textile warehouses in Kano for engaging in deceptive trade practices and exploitation...

PENCOM, NAICOM ORDER INSURANCE FIRMS TO CUT TIES WITH DEFAULTING EMPLOYERS

  In a decisive move to enforce Nigeria’s pension and insurance laws, the National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) have jointly...

Most Popular

FOOD SOVEREIGNTY PUSH :  NIGERIA TURNING THE CORNER ON FOOD CRISIS — AGRICULTURE MINISTER

    Nigeria’s Agriculture Minister, Senator Abubakar Kyari, says food prices are already declining across several commodities — evidence, he insists, that government interventions are beginning...

DANGOTE CEMENT TRANSPORT OBAJANA CELEBRATES 2025 SUSTAINABILITY WEEK WITH SCHOOLS AND COMMUNITY AWARDS

  At Obajana in Kogi State, Dangote Cement Transport has reaffirmed its commitment to sustainability and community development as it marked its 2025 Sustainability Week...

NORTHERN INDUSTRIALISTS BACK 15% FUEL TARIFF

  Industrialists from Northern Nigeria have expressed support for the Federal Government’s decision to impose a 15 percent import duty on petroleum products. They describe...

CAS SUMMONS THEATRE COMMANDERS, CHARTS NEW COURSE FOR SMARTER, HARDER AIR STRIKES.

  The Chief of the Air Staff (CAS), Air Marshal Sunday Kelvin Aneke, has directed Air Component Commanders across all operational theatres to intensify precision...

Recent Comments