Tariff Reduction On Imported Vehicles To Become Operational Next Week – Customs

The Nigeria Customs Service (NCS) says the reduction in the duties on vehicles and tractors from 35 to about 10 per cent may take off next week.

Comptroller-General of Customs, Hameed Ali, made the disclosure to journalists in Abuja on Tuesday.

Ali said the management of the service was expecting an official communication from the Ministry of Finance on the matter.

He noted that the vehicle tariff reduction, as contained in the 2020 Finance Act, was initiated by the NCS to ease the cost of transportation in Nigeria.

“We are the proponents of the new tariff. I’ve been torn apart by many people criticising it, saying I used my connection to get it done. But it is in the overall interest of Nigeria,” the NCS boss told reporters.

“Now, it has become a law. We are now waiting for the finance minister to give us a formal conveyance of that Act. Once we receive it, we commence implementation immediately and inform our commands.

“We are hoping that latest by next week, it will become operational.”

On the African Continental Free Trade Agreement (ACFTA), Ali disclosed that all aspects that concerned the Nigerian customs had been adhered to.

He, however, noted that the service would need certain inputs from the AfCFTA secretariat, such as rules of origin.

The customs chief said those should not be left to chambers of commerce alone, adding that the NCS should part of the team.

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