Federal Gov’t Suspends 25% Penalty On Users Of Smuggled Vehicles 

The Nigeria Customs Service (NCS), on Friday, said that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, approved the suspension of the 25 percent penalty previously imposed as surcharge on improperly imported vehicles.

A press statement by the National Public Relations Officer of the Service, Abdullahi Maiwada, urged stakeholders, including vehicle owners, importers, and agents to seize the opportunity to regularise their vehicles’ import duty payments within 90 days

“NCS, under the directives of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has initiated a 90-day window, effective from 4th March 2024 to 5th July 2024, for the regularisation of import duties on specific categories of vehicles.

“To ease economic hardship and encourage compliance, the Minister approved the suspension of the 25% penalty previously imposed in addition to import duty on improperly imported vehicles.

“Stakeholders, including vehicle owners, importers, and agents, are encouraged to seize this opportunity to regularise import duty payments within the designated 90-day timeframe,” the statement read.