More
    HomeNewsImport Duties: FG Cancels 25% Penalty on Improperly Imported Vehicles

    Import Duties: FG Cancels 25% Penalty on Improperly Imported Vehicles

    Published on

    By Tony Obiechina, Abuja

    The Nigeria Customs Service (NCS), under the directives of the 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,
    Chief Superintendent of Customs, Abdullahi Maiwada for Comptroller General of Customs.

    The statement also disclosed that the
    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, the statement added.

    Latest articles

    UNILORIN don urges collaboration in tackling zoonotic diseases

      By Olufemi Oni, Ilorin A Professor of Veterinary Medicine in the Department of Veterinary Public...

    Former Chief Justice of Nigeria dies in Abuja

    Former Chief Justice of Nigeria, Mohammed  Uwais, has died at the age of 89.   A...

    We don’t have to get married to validate our love – Halle Berry

    BY ODIGIE OKPATAKU Oscar-winning actress, Halle Berry's boyfriend of five years, Van Hunt, has revealed that he...

    “I Saw Him Becoming President” – Prophet says about Davido

      BY ODIGIE OKPATAKU Pastor John Anosike, the president and senior pastor of New World Faith...

    More like this

    UNILORIN don urges collaboration in tackling zoonotic diseases

      By Olufemi Oni, Ilorin A Professor of Veterinary Medicine in the Department of Veterinary Public...

    Former Chief Justice of Nigeria dies in Abuja

    Former Chief Justice of Nigeria, Mohammed  Uwais, has died at the age of 89.   A...

    We don’t have to get married to validate our love – Halle Berry

    BY ODIGIE OKPATAKU Oscar-winning actress, Halle Berry's boyfriend of five years, Van Hunt, has revealed that he...