Tuesday, April 23, 2024
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

NCS PARTNERS  NFIU TO ENHANCE BORDER SECURITY.

The Nigeria Customs service says it will collaborate with Nigerian Financial Intelligence Unit  to enhance border security through intensifying onslaught against smugglers and money...

NAICOM PARTNERS DRTS TO ADDRESS THIRD PARTY VEHICLE INSURANCE.

National Insurance Commission (NAICOM) is set partner with the FCTA Directorate of Road Transport Service so as to address the issue of FAKE” Third (3rd)...

NIGERIAN ECONOMY RECORDS OVER $1.5 BILLION INFLOW POST-CBN MPC AS NAIRA TRADES N1,309/$1 AT NAFEM.

 The Central Bank of Nigeria (CBN) says the inflow of over $1.5 billion into the economy over the past few days indicates that its...

Most Popular

INSECURITY: BADARU CALLS FOR SYNERGY WITH LIBYA TO STOP PROLIFERATION OF SMALL ARMS AND LIGHT WEAPONS.

The Honourable Minister of Defence, H.E. Muhammed Badaru Abubakar CON, mni, has called on Libyan Government to join hands with the Nigerian Government to...

NCS PARTNERS  NFIU TO ENHANCE BORDER SECURITY.

The Nigeria Customs service says it will collaborate with Nigerian Financial Intelligence Unit  to enhance border security through intensifying onslaught against smugglers and money...

NNPC LTD, PARTNER UNLOCK 12,000BPD PRODUCTION FROM AWOBA UNIT FIELD.

Keen on optimising production from the nations hydrocarbon assets to boost revenues and meet the nations OPEC production quota, the Nigerian National Petroleum Company...

MEDIA PARTNERSHIP: DICAN WELCOMES KOREAN, TUNISIAN & ZAMBIAN AMBASSADORS TO NIGERIA 

The Diplomatic Correspondents' Association of Nigeria (DICAN) congratulates Ambassador of the Republic of Korea to Nigeria, Vice-Admiral Kim Pan Kyu, Ambassador Antit Mohsen of Tunisia...

Recent Comments