The Comptroller General of Customs, Col. Hameed Ali
(Rtd) has sought a reduction in vehicle import duty from 75 per cent to 45 per
cent for brand new vehicles.
(Rtd) has sought a reduction in vehicle import duty from 75 per cent to 45 per
cent for brand new vehicles.
Ali
made the disclosure in Abuja on Monday on the occasion of the January 26
International Customs Day event.
made the disclosure in Abuja on Monday on the occasion of the January 26
International Customs Day event.
He noted that the 75 per cent duty on
brand new vehicles (35 per cent Levy for the National Automotive Council policy
and 35 Customs Duty) had driven importers to other ports and increased
smuggling of vehicles into Nigeria.
brand new vehicles (35 per cent Levy for the National Automotive Council policy
and 35 Customs Duty) had driven importers to other ports and increased
smuggling of vehicles into Nigeria.
He
said: “The Federal Government should reduce the levy to 10 per cent. That will
be 45 per cent along with import duty, and it will reduce smuggling and the
lives of our people will be safe.”
said: “The Federal Government should reduce the levy to 10 per cent. That will
be 45 per cent along with import duty, and it will reduce smuggling and the
lives of our people will be safe.”
According to the Customs boss, smuggling
has become unattractive due to high level measures that resulted in 21,335
seizures with N92.384bn duty paid value (DPV) in four years.
has become unattractive due to high level measures that resulted in 21,335
seizures with N92.384bn duty paid value (DPV) in four years.
Meanwhile,
he said the Service had generated N4.042 trillion in four years.
he said the Service had generated N4.042 trillion in four years.
Ali
also said the Nigeria Customs Service (NCS) combined various strategies,
including upgrade of the Nigeria Integrated Customs Information System (NICIS)
I to NICIS II to attain the feat.
also said the Nigeria Customs Service (NCS) combined various strategies,
including upgrade of the Nigeria Integrated Customs Information System (NICIS)
I to NICIS II to attain the feat.
“Revenue
generation by NCS from 2015 continues to be on the increase with N904 billion
in 2015, N898bn in 2016, N1.037trn in 2017 and generated N1.202trn in 2018,”
Col. Ali said.
generation by NCS from 2015 continues to be on the increase with N904 billion
in 2015, N898bn in 2016, N1.037trn in 2017 and generated N1.202trn in 2018,”
Col. Ali said.
For
the 2019 business year, the Nigeria Customs Service hopes to surpass the N1.2
trillion it generated in 2018, Ali added.
the 2019 business year, the Nigeria Customs Service hopes to surpass the N1.2
trillion it generated in 2018, Ali added.
