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Customs Suspends VIN Valuation Policy On Imported Used Vehicles

The Nigeria Customs Service (NCS) on Tuesday announced the suspension of the implementation of the Vehicle Identification Number (VIN) valuation policy recently introduced on imported (used) vehicles. The Service, in a circular dated March 7, 2022, titled ‘Approval Of Grace Period, To Clear Backlog Of Vehicles’, stated that the suspension took effect from today, Tuesday, […]