Customs bow to pressure, suspend e-valuation of imported vehicles

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The Federal Government through the Nigeria Customs Service on Monday announced a 31-day suspension of the controversial electronic valuation system for imported vehicles, also known as Vehicle Identification Number valuation.

The announcement came over two weeks after clearing agent associations at Lagos ports embarked on an indefinite strike over what they described as frustrations occasioned by the implementation of the e-valuation system or VIN by the Customs.

Among other issues, clearing agents alleged that the Customs had used the e-valuation system to hike duties on imported vehicles arbitrarily.

However, announcing the decision of the NCS, the National Public Relations Officer of service, Timi Bomodi, said the agency suspended the policy for 31 days to allow for clearance of vehicles trapped in the ports.

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