VIN Valuation Strike: Customs Bows to Pressure, to Consider Adjustment Today in Abuja


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By Our Reporter
The Nigeria Customs Service (NCS) may have bowed to pressure to adjust the new policy on Vehicle Identification Number (VIN) to address concerns being raised by customs agents that the policy has raised duties on imported vehicles by about 400 percent.
The NCS will be considering an adjustment to the policy when it holds a management meeting at Abuja today.
This indication was given during a stakeholders meeting called by the Customs Service in Lagos.
The meeting which was called in reaction to about two weeks strike embarked on by customs agents protesting the new policy was attended by Assistant Comptroller General (ACG) Modernisation and Information Computer Technology (ICT) , Saidu Galadima who represented the Comptroller-General of Customs, Colonel Hameed Ali(rtd), ACG Tarrif and Trade , Hamza Gummi and ACG Customs ,Zone ‘A’ , Harvey Road , Lagos, Modupe Aremu.
Also in attendance were importers, representatives of customs agents including Association of Nigerian Licensed Customs Agents(ANLCA) , National Association of Government Approved Freight Forwarders (NAGAFF) , National Council of Managing Director of Licensed Customs Agents(NCMDLCA), terminal operators, among others.
The customs agents had taken turns to state their anger on the new VIN after which they were informed that their grievances would be taken back to the CG.
Aremu disclosed that the issue would feature in today’s management meeting to be presided over by the CG.
He said that the customs agents should then expect a feedback by Friday this week.
The ACGs also disclosed that contrary to claims by the customs agents that they were not informed on the issue, a training programme had earlier been organized when they were invited.
But the ACGs regretted that unfortunately, the training was attended by junior staff of customs agents.
According to Saidu and Gummi , there was enough sensitization on the new VIN introduction.
Customs agents have been complaining that the new VIN has led to importers paying over 400 percent as against what was the case before.


1 thought on “VIN Valuation Strike: Customs Bows to Pressure, to Consider Adjustment Today in Abuja

  1. Is it only on VIN issue, what of the incessant increase on C.I.F on finished goods, from #20,000,000 to #30,000,000 now is #40,000,000.
    Goods valued at $30,000,000 USD overseas, the Customs revalues it to $70,000,000 USD

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