New vehicle identification number valuation for imported vehicles better – Customs

The Nigeria Customs Service (NCS) says the suspended Vehicle Identification Number (VIN) Valuation on imported vehicles to be deployed on Friday has been imputed with human face values.

The Controller Valuation of NCS headquarters, Comptroller Anthony Udenze, made this known at a sensitisation programme ahead of the relaunch of VIN valaution on Thursday in Lagos.

The NCS in February introduced the VIN-Valuation policy on imported vehicle but it was rejected by customs agents . The policy was suspended to give room for adjustments in the values imputed in the system.

However, the clearing agents, vehicle importers and the NCS at the end of the sensitisation programme agreed that the suspended VIN valuation policy should be deployed on Friday.