VIN Valuation: Nigerian Customs Approve Grace Period To Clear Backlog Of Vehicles

Sequel to recent Customs/Stakeholders town hall meeting held in Lagos on VIN-Valuation, the Comptroller General Customs having listened to public outcry, has graciously approved one (1) month window to enable clearing the backlog of vehicles held up in the ports as a result of strike action.

Meanwhile, uniform application of rebates will be used for all vehicles using correct values for assessment during the exercise.

This was contained in a statement issued by the Custom National PRO For: Comptroller-General of Customs, DC Timi Bomodi and made available to the spectacles on Monday 7th March, 2022.

For the avoidance of doubt, the VIN-Valuation protocol is still in operation as reviews and updates are being captured in our systems to reflect the genuine concerns of stakeholders.

As a responsive and responsible agency, Nigeria Customs Service will sustain it’s consultations with stakeholders in line with Article 2 of WTO Trade Facilitation Agreement for a smoother Customs Stakeholders relationship.