NIGERIA CUSTOMS SERVICE CLARIFIES MISLEADING REPORT ON VEHICLE IDENTIFICATION NUMBER (VIN) VALUATION PROCESS



PRESS STATEMENT



1. The Nigeria Customs Service (NCS) would like to address a recent media report that has caused confusion regarding the Vehicle Identification Number (VIN) Valuation process. The information is misleading, aiming to distort the truth and misinform the public. 

2. While it is true that a circular about “examination and release of used vehicles” has been highlighted by the author, it is regrettable that the accurate context has been overlooked. 

3. The VIN Valuation Process remains fully operational and effective. The mentioned circular specifically pertains to imported used vehicles equipped with trim numbers. These 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 with the model. Furthermore, different trim levels offer diverse technological advancements, interior and exterior features, and, occasionally, distinct engine options.  

4. For instance, a car model could feature trim levels such as “Base,” “Sport,” “Luxury,” and “Premium.” Each of these trim levels might present differing combinations of attributes, such as premium leather seats, advanced infotainment systems, upgraded wheels, and enhanced safety features, among other enhancements. This results in an elevated value for the vehicle compared to the base model.  

5. To ensure fairness and accuracy, the NCS mandates that imported used vehicles with trim numbers undergo valuation at the Valuation Seat after a thorough examination. This process aims to establish the vehicle's appropriate and precise Customs value. 

6. The NCS urges the general public to dismiss the misleading report and encourages individuals to engage with the various Customs Formations across the nation for any additional clarification or information they may require.

ABDULLAHI MAIWADA
Chief Superintendent of Customs
National Public Relations Officer
for Comptroller General of Customs
28 August 2023


Comments

Post a Comment

Popular posts from this blog

PSC APPROVES MASS PROMOTION: 13 CPs ELEVATED TO AIGs, 17 DCPs TO CPs AND OTHERS, IN MERIT-BASED EXERCISE

Image
PSC APPROVES MASS PROMOTION: 13 CPs ELEVATED TO AIGs, 17 DCPs TO CPs AND OTHERS, IN MERIT-BASED EXERCISE The Police Service Commission (PSC) has approved the promotion of 13 Commissioners of Police (CPs) to the rank of Assistant Inspectors-General of Police (AIGs), following their successful performance in the recently concluded written examinations and oral interviews held at the Commission's Corporate Headquarters in Abuja. The list of successful officers has been formally conveyed to the Inspector-General of Police for immediate implementation. The newly promoted AIGs are: - Emmanuel Ado Christopher (former CP, Yobe State) - Joseph Eribo (former CP, Ekiti State) - Dantawaye Miller (former CP, FCT) - Uche Ifeanyi Henry, PhD (Director, NPF-National Cyber Crime Center) - Olarenwaju Peter Ogunlowo (former CP, Ogun State) - Muhammad Dahiru (former CP, Jigawa State) - Dankombo Morris (former CP, Adamawa State) - Bello Shehu (former CP, Katsina State) - Ibrahim B. Maikaba (...
Read more

IGP Tunji Disu Inaugurates Steering Committee on Establishment of State Police

Image
The Inspector-General of Police, Tunji Disu, has inaugurated a high-powered Steering Committee on the Establishment of State Police, marking a significant milestone in the ongoing efforts to strengthen Nigeria’s internal security architecture. The committee is chaired by Prof. Olu Ogunsakin, Director-General of the National Institute for Police Studies, Jabi, Abuja. A respected authority in policing policy and institutional reform, Prof. Ogunsakin is expected to provide strategic leadership in guiding the committee’s deliberations. Serving as Secretary is Bode Ojajuni, Commissioner of Police, who will coordinate the committee’s activities and ensure seamless execution of its mandate. Other members of the Steering Committee include: Okebechi Agora, Deputy Commissioner of Police Suleyman Gulma, Deputy Commissioner of Police Ikechukwu Okafor, Assistant Commissioner of Police Tolulope Ipinmisho, Chief Superintendent of Police Emmanuel Ojukwu (Rtd), Commissioner of Police and Pr...
Read more

Gunmen Hijack Funeral Convoy, Abduct Mourners Escorting FRSC Deputy Commander's Body, Demand ₦50m Ransom

Image
A funeral procession conveying the remains of a late Deputy Corps Commander of the Federal Road Safety Corps (FRSC), Augustine O. Ikwue, has been attacked by suspected kidnappers along the Ososo–Ajaokuta axis of Kogi State, with several mourners reportedly abducted. The late officer, popularly known as "Etume Zero," was being transported to his hometown in Benue State for burial when the armed men ambushed the convoy. According to reports, the attackers abducted several mourners and initially took away the corpse of the deceased officer into the bush alongside the victims. Citizen journalist and activist Meddy Olotu disclosed that the kidnappers later abandoned the corpse, which was subsequently recovered near Ejule in Kogi State. However, the abducted mourners remain in captivity. The kidnappers are reportedly demanding a ransom of ₦50 million for the release of the victims. Reacting to the incident, Olotu described the attack as a tragic reflection of Ni...
Read more