Customs to slash tariff on imported vehicles next week – Official

The Comptroller General of the Nigeria Customs Service, Col. Hameed Ali (retd), says it has received the directive to reduce tariffs on imported vehicles this month.

Ali announced this in Abuja, saying, “The Act has been transmitted to us. We received the minister’s mandate this week, to start working on it, although we have to develop certain regulations and measures on how we intend to implement the law.”

“We have to change our codes to fit into the new law. You know that the commercial vehicles levy is the only levy that has been reduced from 35 per cent to five per cent.

“So we have to change the codes to fit into the new law, and we hope we’ll finish that in two days and the minister will have to look at it and agree that yes that is what we should do.

“I hope not too long from now, by next week or next two weeks, this law will come into effect. We will circulate it to our commands to begin to operate.”

Anozie Egole
Anozie Egole
Anozie Egole is a Transport correspondent. He reports Maritime, Aviation and Rail/Road Transport for Financial Street.

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