• Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
Saturday, October 17, 2026
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Customs advises on transparency in vehicle imports

Customs

The Matters Press by The Matters Press
August 31, 2023
Reading Time: 2 mins read
0
Customs adopts lobbying as tool in governance

Lagos, Aug. 31, 2023: The Nigeria Customs Service, Ports Terminal Multiservices Limited PTML Command has urged importers of vehicles and their agents to imbibe transparency while making declarations for their imported vehicles.

RELATED POSTS

No way President Tinubu could have retained fuel subsidy on assuming office, IMPI insists

IMPI CHALLENGES ATIKU, OBI TO PUBLIC DEBATE ON SUBSIDY RESTORATION; DEMANDS ANSWERS TO CRITICAL FISCAL POSERS

The Fallacy of Atiku and Obi’s Subsidy Restoration Advocacy

Comptroller Saidu Yusuf, Customs Area Controller of PTML gave the call in Lagos at a stakeholders’ sensitisation meeting on Vehicle Identification Number (VIN).

Yusuf used the occasion to tell participants that the VIN method has not been cancelled.

He reiterated an earlier position on the matter issued by the NCS headquarters that the VIN Valuation Process remains fully operational and effective.

“The trim numbers are critical in identifying distinct versions or tiers within a specific car model. They delineate varying configurations, features, and levels of equipment associated different models.

“The trim of vehicles are not same for all kinds and so declarants should have their transaction values,” he said.

Yusuf blamed some declarants for not being transparent because they go inputing what they think was the lowest base value which necessitates interventions like demand notice and alerts.

The customs boss advised them to apply invoice and transaction values as a way of promoting transparency and building integrity in the trade process of vehicle clearance.

Yusuf poined out that Section 24 Nigeria Customs Service Act (NCSA) 2023 provide for advance ruling for stakehokders to submit to the NCS before a transaction and the ruling will be binding on the service and the importer or agent.

This according to the Controller is a unique trade facilitation method provided for by the new law

Yusuf who described the meeting as being in line with the law also said customs stakeholders partnership was a provision of section 29 NCSA 2023.

According to him, meetings like this is meant to rub minds, identify challenges and jointly work out solutions on how best to resolve the challenges.

He added that the meeting was also in tandem with World Customs Organisation (WCO) and World Trade Organisation (WTO) trade facilitation thrusts which encourage consultations.

He reminded the stakeholders that the use of code 846 for clearing of non standard VIN had been further modified to reduce human contact through what he called e-846, which save time and make trade easier.

“I must commend the system because the reduction of human contact is very effective and beneficial to all as it saves time. I personally monitor electronically from my office and can confirm that my officers are implementing it diligently.

“Where ever you are experiencing delay in the process under my command, please draw my attention to it. My doors are open and will be more open to all of you.

“The help desk headed by the Command’s Public Relations Officer is active and responding to all inquiries online and in real time,” Yusuf said.

The News Agency of Nigeria (NAN) reports that the NCS on Jan. 18, 2022 introduced the VIN valuation system used for allocating standard values to all vehicles coming into the country.

The system, according to Customs, automatically determines the value of import duty that an importer is expected to pay on any imported cars immediately after the vehicle is passed through a dedicated scanning machine.

It is an automated system that would aid the valuation of imported vehicles entering into the country through all Nigeria’s approved entering points.

The idea behind the development of the VIN is to address the agitation of clearing agents and other port users who have been calling for a standardised valuation system in the country.

Tags: Customs
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Tinubu explains mission as he marks second year in office
Economy/Technology

No way President Tinubu could have retained fuel subsidy on assuming office, IMPI insists

October 7, 2026
NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity
Economy/Technology

IMPI CHALLENGES ATIKU, OBI TO PUBLIC DEBATE ON SUBSIDY RESTORATION; DEMANDS ANSWERS TO CRITICAL FISCAL POSERS

October 7, 2026
Nigeria has not taken decision yet on fuel subsidy
Economy/Technology

The Fallacy of Atiku and Obi’s Subsidy Restoration Advocacy

October 7, 2026
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
Economy/Technology

Opposition ignorant over fresh $1.5bn World Bank loan

October 6, 2026
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

At 66, Nigeria in a new page to prosperity

October 1, 2026
Nigeria’s improving current account balance,  evidence of economic stability – TMSG
Economy/Technology

Nigeria’s improving current account balance, evidence of economic stability – TMSG

September 27, 2026
Next Post
Value of China’s export to US dips

Chinese Yuan strengthens to 7.1811 against dollar

BUA petrochemical project will add value to economy

BUA cement declares N361bn revenue

Recent Posts

  • No way President Tinubu could have retained fuel subsidy on assuming office, IMPI insists
  • IMPI CHALLENGES ATIKU, OBI TO PUBLIC DEBATE ON SUBSIDY RESTORATION; DEMANDS ANSWERS TO CRITICAL FISCAL POSERS
  • The Fallacy of Atiku and Obi’s Subsidy Restoration Advocacy

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us