Nigeria Customs Service (NCS) suspends 25% penalty on improperly imported vehicles and offers a 90-day window for regularisation of import duties.

Nigeria Customs Service (NCS) suspends 25% penalty on improperly imported vehicles and initiates a 90-day window, effective from March 4th to July 5th, for regularisation of import duties on specific categories of vehicles. The decision follows directives from the Minister of Finance and Coordinating Minister of the Economy, who aims to ease economic hardship and encourage compliance with import rules.

March 22, 2024
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