The Nigeria Customs Service (NCS) has debunked speculation that it has reduced duty on vehicles from 35% to 20%.
Customs spokesman, Timi Bomodi said the existing 35% duty rate on imported vehicles remains.
Some clearing agents claimed on Friday that duty rate applicable on the Common External Tariff (CET) trade portal on vehicles under HS Code 8703 was reduced to 20%, a situation which created confusion among the agents. However, the Customs spokesman disputed this.
”There is no reduction in the duty of vehicles. It was just a mix-up. All of that will be sorted up by Monday,” Bomodi said.
He stated that anyone who made payment based on the error on the portal would be made to pay the difference.
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