The House of Representatives Committee on Customs and Excise has directed the Nigeria Customs Service (NCS) to streamline its Vehicle Identification Number (VIN) valuation system or risk the suspension of the exercise. This was part of the recommendations contained in a report presented by the committee to the Comptroller General of the Nigeria Customs Service (NCS), Col. Hameed Ali (Rtd), in Abuja on Monday. VIN is the system used by customs to collect duty on vehicles imported into the country, based on their year of manufacture. The…
Reps set to suspend customs’ duty system on imported vehicles
