Close Menu
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
Trending
  • NNPP Founder, Aniebonam blasts Kwankwaso, Galadima Over Leadership Tussle 
  • C- PACT Conference: CGC Adeniyi Briefs Press At Presidential Villa 
  • How Access Bank Is Supporting Women, Driving Africa’s Growth Story 
  • Access Bank Restores Customs Transaction Services After Temporary Glitches
  • MARAN To Launch New Book “50 Drivers of Nigeria’s Marine and Blue Economy” December 4
  • Prioritize Seafarers’ Welfare, Master Mariners Urges Regulatory Agencies, Shipping Companies, Others 
  • NACCIMA Graces Guangzhou International 2025 Shoes Festival As Business Forum Begins
  • Sea Empowerment Research Centre Joins UN Backed Ocean Centres Ghana
Prime Time Reporters
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
Prime Time Reporters
Home » Customs suspends VIN Valuation, gives one month grace period to clear backlog of vehicles
Business

Customs suspends VIN Valuation, gives one month grace period to clear backlog of vehicles

Saint AugustineBy Saint AugustineMarch 7, 2022Updated:March 7, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Nigeria Customs Service (NCS), today, announced a one month window to enable importers clear the backlog of vehicles held up in the ports as a result of strike action embarked upon by the freight forwarders recently.

The National Public Relations Officer, NCS, DC Timi Bomodi who announced the grace period in a statement in Abuja disclosed that the Comptroller General of the Nigeria Customs Service, Col. Hameed Ali (rtd.) graciously approved the one month window following the recent customs/stakeholders town hall meeting held in Lagos on VIN-Valuation, having listened to public outcry.

Bomodi, however, informed that uniform application of rebates would be used for all vehicles using correct values for assessment during the exercise.

“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 its consultations with stakeholders in line with Article 2 of WTO Trade Facilitation Agreement for a smoother customs stakeholders relationship” he added.

Freight Forwarders had embarked on strike penultimate Monday to protest against the implementation of the VIN valuation with over 12,000 vehicles currently trapped at the Tincan Island and PTML port terminals.

The grace period is for a period of one month beginning from Tuesday 8 March, 2022.

Send your news, press releases/articles to augustinenwadinamuo@yahoo.com. Also, follow us on Twitter @ptreporters and on Facebook on facebook.com/primetimereporters or call the editor on 07030661526, 08053908817.

Col. Hameed Ali (Rtd.) DC Timi Bomodi Nigeria Customs Service VIN Valuation
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleCRFFN: Suspend this election, adopt sharing formula, Aniebonam advises Transportation Minister
Next Article CRFFN Election: APFFLON decries inadequate resources, manpower at Lagos screening centre
Saint Augustine
  • Website
  • Facebook
  • X (Twitter)

Saint Augustine is a seasoned freelance journalist and the chief editor of Primetime Reporters.

Related Posts

C- PACT Conference: CGC Adeniyi Briefs Press At Presidential Villa 

November 16, 2025

Access Bank Restores Customs Transaction Services After Temporary Glitches

November 16, 2025

NACCIMA Graces Guangzhou International 2025 Shoes Festival As Business Forum Begins

November 5, 2025
Leave A Reply Cancel Reply

Recent Posts

NNPP Founder, Aniebonam blasts Kwankwaso, Galadima Over Leadership Tussle 

November 16, 2025

C- PACT Conference: CGC Adeniyi Briefs Press At Presidential Villa 

November 16, 2025

How Access Bank Is Supporting Women, Driving Africa’s Growth Story 

November 16, 2025

Access Bank Restores Customs Transaction Services After Temporary Glitches

November 16, 2025

MARAN To Launch New Book “50 Drivers of Nigeria’s Marine and Blue Economy” December 4

November 12, 2025
© 2025 Copyright Primetime Reporters.
  • Home
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.