Lagos - Following protest by clearing agents and their refusal to clear auto import at 70 percent tariff on imported vehicles, the federal government has directed the Nigeria Customs Service (NCS) to suspend the new tariff regime for automobile imports and revert to the old one.
The implementation of the new automotive policy has now been shifted to commence from 1 July, reports BusinessDay.
As part of the country's national automotive policy, the federal government in November 2013 raised duty and levies on imported cars by 50 percent from 20 percent to discourage importation of cars.
The duty on buses was also raised by 10 percent.
Read more at BusinessDay.
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