Lagos - The federal government has granted an extension of the commencement date of the new auto policy in the country to January 1, 2015 following weeks of intense lobbying over the effective date of the implementation.
The extension was necessitated by the fact that none of the assembly plants had actually rolled out vehicles in commercial quantity, reports ThisDay.
With the extension, vehicles imported into the country will continue to pay the 35 percent duty, instead of the additional 35 levy that would have been collected as from July 1, 2014.
Read more at ThisDay.
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