Customs
Customs debunks reduction in duty on vehicles.
The National Secretary of the Association of Nigerian Licensed Customs Agents (ANLCA), Alhaji Babatunde Mukaila said that the reduction was not a mistake.
“Members are enjoined to remain calm as this is not an error, but the extant regime.
“This has gone a long way to buttress ANLCA’s position that information and communication gap between NCS and general trading community is still at the lowest ebb.
“We shall continue to keep members abreast of this development ” he stated.
The National Vice President of ANLCA, Kayode Farinto, said the proper HS Code for used Vehicles before now is 8733320 at 35 percent.
Farinto however said that this negates the CET tariffs where it was agreed that all member states should allow vehicles to be cleared at 20 percent until Nigerians reported the rip-off by the Nigeria Customs Service to the ECOWAS.
“I have noticed that some agents have been capturing vehicles under Hs code 87033319 ( which is reserved for other Fully Built Units (FBU), for assemblers).
“NCS must make a categorical statement between now and Monday to inform people to continue to capture on 87033320 which has been reduced to 20 percent rate of duty”
“In view of this development, we urge our members not to force themselves to capture on 35 percent rate of duty for vehicles.
“Get it at the back of your mind that henceforth, vehicles will be on 20 percent,” he said.
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