It has been learned that the Nigeria Customs Service will resume the halted electronic valuation policy for imported automobiles on Friday.
Since its debut a few months ago, the regulation, also known as Vehicle Inspection Number, has sparked debate.
Following the introduction of the e-valuation policy, clearing agents and other marine stakeholders organised protests, forcing the government to halt its implementation.
Clearing agents said that the e-valuation method resulted in a significant rise in duty paid on imported autos, among other things.
In a letter dated May 17, 2022, the Nigeria Customs Service stated that the suspended policy would be reinstated on Friday, May 20, 2022.
As a result, the agency stated a sensitization programme for stakeholders in the clearance chain would be implemented in advance of the redeployment.
The letter was signed by A.Y. Odusanya, Deputy Controller, Administration, Nigeria Customs Service, on behalf of Yusuf Malanta, Customs Area Controller in Charge of the Apapa Command.
"In line with the planned nationwide deployment of the VIN Valuation on Friday, May 20, 2022, and the need to continuously enhance the platform for optimal performance and service delivery, the sensitisation is scheduled to take place on Thursday, May 19, 2022, at 11:00am at the Apapa Command conference hall," the letter reads in part. The Administration of the Deputy Controller, A Y.
On behalf of the Customs Area Controller, Odusanya suggested that clearing agents bring representatives to the meeting, claiming that it would benefit everyone and resolve any questions.
On Thursday, stakeholders in the car clearing system are anticipated to respond to the news.