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NCS implements new vehicle import tarrif

By on May 19, 2014

The Tin-Can  Command of the Nigerian Customs Service says it has started implementing the 35 per cent duty on imported vehicles as directed by the Federal Government.

In a statement signed by the command’s Public Relations Officer, Mr. Chris Osunkwo, the command said that Fully Built Unit (FBU) cars under H.S. code 87.03 would also attract a levy of 35 per cent.

The command, however, said that vehicles whose bill of lading was dated not later than March 31 and arrived before June 30 would attract the old duty.

It said that such duty would be irrespective of the date of opening of “Form M” and letter of credit.

According to the command, used vehicles will be imported at 35 per cent duty rate without levy till June 30.

It said that fully built commercial vehicle falling under H.S Code 87.02, 87.04, 87.05, 87.06, 87.07, 87.16 would attract 35 per cent duty without levy.

Osunkwo told the News Agency of Nigeria that any clearing agent who needed clarification should direct his or her grievances to government.

However, Mr. Chuks Kanikwu, General Secretary, Association of Nigerian Licensed Customs Agents, vowed to continue to protest the sudden implementation of the policy.

“Because of the sudden implementation, most clearing agents have run into debt because there is usually a contractual agreement between an importer and the agent.

“The clearing agents had already entered into this agreement with the hope that the implementation of the tariff will start on July 1.

“If an agent returns to the importer to ask for additional money, the agent will become a liar and this is not good for business,’’ Kanikwu said.

Kanikwu told NAN that the ANLCA members were sad over the sudden implementation of the policy.

He urged the Federal Government to re-examine its National Automotive Policy, which occasioned the increase in the duty, pending when car assembly plants were in place.

NAN reports that the agents began protests on the issue since May 6.

 

 

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