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Nigerian Customs rescinds VIN policy as stakeholders protest
The Nigeria Customs Service (NCS) has surrendered to the stakeholders’ outcry by suspending the Vehicle Identification Number (VIN) valuation for imported vehicles.
The VIN policy was temporarily suspended for one month, directing clearing agents to clear the backlog of trapped vehicles through manual assessment.
In a circular released by the NCS headquarters on Monday, the Service directed that all Customs Area Controllers should monitor the transition period and ensure manual assessments are in full compliance with extant laws.
The circular is with reference number NCS/T&T/ACG/008/S.100/VOL 111 titled APPROVAL FOR GRACE PERIOD TO CLEAR BACKLOG OF VEHICLES.
The Customs stated that “Sequel to the recent Customs/ Stakeholders Townhall meeting held in Lagos on VIN VALUATION, I am directed to convey the approval of the CGC for a ONE (1) month window to enable the clearing of a backlog of vehicles held up in the ports.
“You are requested to note that the VIN VALUATION protocol is still in operation as reviews and updates are being captured in our systems to reflect these adjustments.
“Customs Area Controllers have been directed to monitor the transition period and ensure manual assessments are in full compliance with extant laws.
“Also note that the grace period is effective tomorrow 08 March 2022.
“Kindly bring the content of this information to all your members and other critical stakeholders.”