The Federal Government has directed the Nigerian Customs Service (NCS) to collect 35 per cent duty and 35 per cent levy (on the cost of the vehicle) on every imported used (popularly known as Tokunbo) vehicles from July 1.
The Nation gathered that the directive is contained in a circular No: BD/FB/09/224 dated February 28 and another circular No: NAC.993/5 dated April 28.
It was gathered that the Customs at Tin-Can Island port and other terminals in Lagos have commenced full implementation of the directive.
Under the new policy, Fully Built Unit (FBU) cars would attract a duty of 35 per cent and 35 per cent levy.
“If the bill of lading is dated not later than March 31, and its arrival date is not later than June 30, (you) will pay old duty rate irrespective of the date of opening of Form ‘M’ and letter of credit.
“Whereas, used vehicles will be imported at 35 per cent duty rate without levy till June 30, this year,” the circular added.
Commercial vehicles, such as Danfo bus, which paid only 10 per cent duty, are to pay 35 per cent duty and 35 per cent levy by the importers.
The new policy has been uploaded into all Customs systems, making it difficult for importers or their agents to pay old rate.
A senior Customs officer who carved anonymity said the policy ought to have started on January 1, if not because of the position of the Controller General of Customs Alhaji Dikko Abdullahi that its implementation should come to effect now.
Custosms Public Relation Officer at Tin-Can command said the 35 per cent duty on used vehicles has been enforced by Customs formations across the country.
“The Circular is a Federal Government circular that has to be implemented by all Customs commands,” Osunkwo said.
Source: TheNation