VIN Valuation: Auto Importers Should Inculcate Transparency in Declaration – Compt. Yusuf

...Holds Sensitization Meeting With Stakeholders

Comptroller Saidu Abba Yusuf, Customs Area Controller of Ports Terminal Multiservices Limited (PTML) has once again urged importers of vehicles and their agents to imbibe transparency while making declarations for their imported vehicles

This was disclosed in a press release by the Command’s spokesperson, CSC Yakubu Muhammad.

-Advertisement- Place Your Advert Here

The CAC said this at a stakeholders sensitization meeting held on Wednesday August 29, 2023 on Vehicle Identification Number (VIN) valuation dispelled the rumour that the VIN method has been cancelled.

IMG 20230831 WA0013He reiterated an earlier position on the matter issued by the Nigeria Customs Service headquarters that the VIN Valuation Process remains fully operational and effective. He added that the trim numbers are critical in identifying distinct versions or tiers within a specific car model. They delineate varying configurations, features, and levels of equipment associated different models.

The CAC said the trim of vehicles are not same for all kinds while urging declarants to have their transaction values.

IMG 20230831 WA0012He blamed some declarants for not being transparent because they go inputing what they think is the lowest base value which necessitates interventions like demand notice and alerts.

-Advertisement- Place Your Advert Here

He advised them to apply invoice and transaction values as a way of promoting transparency and building integrity in the trade process of vehicle clearance.

Comptroller Yusuf said Section 24 Nigeria Customs Service Act (NCSA) 2023 provides for advance ruling for stakehokders to submit to the NCS before a transaction and the ruling will be binding on the service and the importer or agent.

This according to the Controller is a unique trade facilitation method provided for by the new law

Yusuf who described the meeting as being in line with the law also said customs stakeholders partnership is a provision of section 29 NCSA 2023.

-Advertisement- Place Your Advert Here

According to him, meetings like this is meant to rub minds, identify challenges and jointly work out solutions on how best to resolve the challenges. He added that the meeting is also in tandem with WCO and WTO trade facilitation thrusts which encourage consultations.

ALSO READ -  New NIMASA Abuja Zonal Office Will Improve Service Delivery - Transport Minister

He reminded the stakeholders that the use of code 846 for clearing of non standard VIN has been further modified to reduce human contact through what he called e-846. This saves time and makes trade easier.

“I must commend the system because the reduction of human contact is very effective and beneficial to all as it saves time. I personally monitor electronically from my office and can confirm that my officers are implementing it diligently.

” Where ever you are experiencing delay in the process under my command, please draw my attention to it. My doors are open and will be more open to all of you. The help desk headed by the Command’s Public Relations Officer is active and responding to all inquiries online and in real time” Comptroller Yusuf said.

Joshua Okoria

Joshua Okoria is a Lagos based multi-skilled journalist covering the maritime industry. His ICT and graphic design skills makes him a resourceful person in any modern newsroom. He read mass communication at the Olabisi Onabanjo University and has sharpened his knowledge in media practice from several other short courses. 07030562600,

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button