Slash on imported vehicles’ duties begins next week – Customs

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

The reduction in the duties on vehicles and tractors from 35 to about 10 per cent may take off next week, the Nigeria Customs Service said on Tuesday.

Comptroller-General of Customs, Hameed Ali, who disclosed this to journalists in Abuja, said the management of the service was expecting an official communication from the finance ministry on the matter any moment from now.He said the vehicle tariff reduction, as contained in the 2020 Finance Act, was initiated by the NCS to ease the cost of transportation in Nigeria.

He said, “We are the proponents of the new tariff. I’ve been torn apart by many people criticising it, saying I used my connection to get it done. But it is in the overall interest of Nigeria. “Now, it has become a law. We are now waiting for the finance minister to give us a formal conveyance of that Act. Once we receive it, we commence implementation immediately and inform our commands.“We are hoping that latest by next week, it will become operational.”

On the African Continental Free Trade Agreement, Ali said all aspects that concerned the NCS had been adhered to. He, however, noted that the service would need certain inputs from the AfCFTA secretariat, such rules of origin, as this should not be left to chambers of commerce alone, adding that the NCS should part of the team.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good

Good news!

Abeg make una go fast

Thieves....The increment began immediately, now reduction is taking forever to begin

Good move.

PELSAUTOS

We really need this How will someone buy $1200 car from US and use almost $1000 to clear it ko make sense now

Thank God ooo

Good move.

For Sale A standard plot of land measuring approximately 588.161sqm with courses of fence around it, meters away from the express way at Power line, Oluode street, opposite 1st Richbam filling station, Akala express, Ibadan. Asking Price: ₦8M

Na who get money dey buy car Give us unemployment benefit make we see food chop My pápá and mama pay tax dem never see retirement benefit / social security Repair economy slash cost of living, allow us see food chop

The Buhari's Govt have made life difficult for Nigerians for too long. As 2023 is approaching, we know he would now begin to reduce the burden on the people gradually so that they can vote for his party & another devil that he may present.

This will be sweet bellaolusola VIKKYFED

CASH for SCRAP! CASH for SCRAP! EXCHANGE ur CONDEMNED SCRAP Items for CASH e.g Dead INVERTER &CAR Batteries, Condemned VEHICLES &Car Parts, Scrap GENERATORS, ENGINES, AC, UPS, CPU, OBSOLETE MACHINES, WINDOW FRAMES, METAL SCRAP etc. Check my Pinned Tweet or DM Me. PICK UP IS FREE!

Let the Fulanis come to Europe and start exporting cars... FOOLS you have rubbished the economy with senseless laws to punish the Igbos. 😁😁😁😁😁😁😁😁😁😁

Yankee2Naija

It shall not be well with them.

A ploy to kill indigenous production. Robbing Peter to pay Paul. Psquare no vex for that adage, this country dey ment for policies

une_invest

Where can I get they portal please

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ICYMI: Slash on imported vehicles’ duties begins next week – CustomsOMOOBAS You say? This PMB self Just de make life had for everyone iyaboawokoya the_davidatta BayoAdedosu
Source: MobilePunch - 🏆 8. / 63 Read more »

Ondo doctors protest salary slash, begin indefinite strikeWhy akere no fit slash hin own salary, elemi esu Aba o wrong na
Source: MobilePunch - 🏆 8. / 63 Read more »

MultiChoice Announces Price Slash On DStv, GOtv DecodersLeading video entertainment provider, MultiChoice Nigeria, has announced a price slash on its DStv and GOtv decoders starting Monday, February 1, 2021. We don't need decoder slash what we need is subscription slash Except similar from startimes cos they never stand on their feet
Source: LeadershipNGA - 🏆 4. / 77 Read more »

FG May Slash Salaries To Reduce Governance CostThere are strong indications that the federal government may cut workers’ salaries as part of efforts to reduce the high cost of governance. The hint was Na dem sabi..wahala for hu de wait for government to survive Guess it is political office holders salaries. Provided you are not reducing that of the poor masses. Reduce that of the Senators, HOR members, ministers and reduce the number of cars on their entourage
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Nigerian Government Broke, May Slash Workers' Salaries As Finance Minister Laments | Sahara ReportersNigerian Government Broke, May Slash Workers' Salaries As Finance Minister Laments | Sahara Reporters The minister stated this as one of the remedies to reduce the high cost of governance. READ MORE: They should start wit themselves!! A graduate with a government agency earns 60k per month... Never enough...debts on debts per month...if u slash it...the money go just disappear...Go to Dubai and recover from looters na... please look inwards Ah ah carry another 800m and dash bandits na since we don't want to be serious in this nation
Source: SaharaReporters - 🏆 9. / 63 Read more »