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Customs begins implementation of new vehicle tariff

19 May 2014, 19:59

Lagos- The Nigerian Customs Service (NCS) says it has started implementing the 35 percent duty on imported vehicles as directed by the Federal Government

 In a statement signed by the Tin Island Command’s Public Relations Officer, Chris Osunkwo, the command said that Fully Built Unit (FBU) cars under H.S. code 87.03 would also attract a levy of 35 percent.

The command, however, said that vehicles whose bill of lading was dated not later than March 31 and arrived before June 30 would attract the old duty.

It said that such duty would be irrespective of the date of opening of “Form M” and letter of credit.

According to the command, used vehicles will be imported at 35 percent duty rate without levy till June 30.

It said that fully built commercial vehicle falling under H.S Code 87.02, 87.04, 87.05, 87.06, 87.07, 87.16 would attract 35 per cent duty without levy.

However, Chuks Kanikwu, General Secretary, Association of Nigerian Licensed Customs Agents, vowed to continue to protest the sudden implementation of the policy.

“Because of the sudden implementation, most clearing agents have run into debt because there is usually a contractual agreement between an importer and the agent.

“The clearing agents had already entered into this agreement with the hope that the implementation of the tariff will start on July 1.

“If an agent returns to the importer to ask for additional money, the agent will become a liar and this is not good for business,’’ Kanikwu said.

Kanikwu said ANLCA members were sad over the sudden implementation of the policy.

He urged the Federal Government to re-examine its National Automotive Policy, which occasioned the increase in the duty, pending when car assembly plants were in place.

-    NAN

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