Customs suspends 25% penalty on smuggled vehicles users

 “The Nigeria Customs
Service, under the directives of the Honourable Minister of Finance and
Coordinating Minister of the Economy, 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,” he said.

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

He told stakeholders, including vehicle owners, importers,
and agents to seize the opportunity to regularise import duty payments within
the designated 90-day timeframe.

On March 3, customs announced a 90-day window for the
regularisation of import duties on specific categories of vehicles.

The service said an import duty and a 25 percent penalty
shall be paid in tandem with the import guidelines, procedures, and
documentation requirements for used vehicles under the destination inspection
scheme in Nigeria (2013) and the NCS Act 2023.