Sequel to recent Customs/Stakeholders town hall meeting held in Lagos on VIN-Valuation, the Comptroller General Customs having listened to public outcry, and has graciously approved one (1) month window to enable clearing the backlog of vehicles held up in the ports as a result of strike action.
However, DC Timi Bomodi, Custom National PRO, further disclosed on Monday that uniform application of rebates will be used for all vehicles using correct values for assessment during the exercise.
For the avoidance of doubt, the VIN-Valuation protocol is still in operation as reviews and updates are being captured in our systems to reflect the genuine concerns of stakeholders.
According to him, “As a responsive and responsible agency, Nigeria Customs Service will sustain it’s consultations with stakeholders in line with Article 2 of WTO Trade Facilitation Agreement for a smoother Customs Stakeholders relationship”.
