The
Nigeria Customs Service says it is awaiting directives from the Ministry of Finance and the Ministry of Budget and National Planning before implementing a new law that mandates a reduction in tariffs on imported vehicles.
The Comptroller-General of Customs, Hameed Ali, disclosed this at the commemoration of the 2021 International Customs Day with a theme “Customs bolstering recovery, renewal and resilience for sustainable supply chain”.
President Muhammadu Buhari signed the Finance Bill on December 31, 2020, which stipulates a downward review of Excise Duty rates on tractors and motor vehicles for transportation.
“The president has signed the bill now; we are now waiting for the Minister of Finance to formally send to us directing for implementation. If that is done today, by tomorrow, we will inform all our commands to fully begin to implement the Act,” he said
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