The Nigeria Customs Service (NCS) has said it will create bonded vehicle parks and terminals nationwide and licence major dealers to operate same and facilitate the creation of more jobs for the automobile industry.

The acting Public Relations Officer (PRO) of the service, Mr. Joseph Attah, told Daily Trust yesterday in an exclusive interview that such terminal operators will neither pay duties for the imported vehicles nor pay demurrage for a period of 28 to 30 days after manifesting the vehicles at the seaports.

He said: “Customs is going to grant licences to genuine car dealers to operate bonded car terminals. What this means is that they will not necessarily need to go to Lagos to clear vehicles.

“When a dealer imports his vehicles and he manifests them for the destination in the inland areas, the dealer will only provide some logistics and the Customs will escort them down to the terminal without paying the customs duty yet.

“Of course, there will be Custom outpost around the terminal and the vehicles will stay in the terminal between 28 and 30 days without paying the duties yet.

“If such dealer is lucky and buyers come for the vehicles, they could sell and then go to the Customs desk, pay the duty, get the genuine Customs papers and drive off without being stopped for issues,” Attah explained.

Dissecting the impact, the Customs’ spokesman said it helps the end users to buy genuine cars without going outside the borders; the car dealer will have his job strengthened by having a terminal.

The elimination of demurrages for about 30 days will translate in lower cost of buying vehicles, and ancillary services, banking, mechanic villages, vending points, and others will spring up around every bonded terminal in many parts of Nigeria to create more jobs and drive the Nigerian economy, Attah noted.

On affecting the services’ revenue generation, the Customs spokesman said the restriction of vehicles importation to the seaports will boost its revenue earnings because false declarations, smuggling and informal trade patterns typical of the old land border system will be curbed.

Mr. Attah said similar policy on rice boosted local production, disclosing that the Association of Motor Dealers of Nigeria team led by its national president visited the Comptroller General of Customs (CGC), retired Col. Hameed Ali and appreciated the policy banning the importation of vehicles through the land borders.

He said the bonded terminal operation will also boost the collaboration of Customs, the Federal Inland Revenue Services (FIRS) and the Federal Road Safety Corps (FRSC) in unifying vehicle duty payment and registration of imported vehicles which is slated to begin by March 2017.


Read more at http://www.dailytrust.com.ng/news/business/importers-to-receive-vehicles-at-near-locations-customs/181234.html#IPQOxx8doTzKJ7Lc.99

implementation the key word .

Second to Comment
My best ever

but who this news epp

TrumpDonald2:
Open up other ports in the country. Every importation mustn't be through Lagos. Wait, you expect us to jump up because of this?

my thought as well and just like saintbonnie said I hope it won't just end up on papers cos so many policies collapse @ d planning Phase in dis country

third to comment...wow i taught i was d third oooo .. sum people no de sleep for nairaland...but any ways hustle for FTC continues

I hope it won't end up on paper as so many others in the past

Open up other ports in the country. Every importation mustn't be through Lagos. Wait, you expect us to jump up because of this?

sashx:

The Nigeria Customs Service (NCS) has said it will create bonded vehicle parks and terminals nationwide and licence major dealers to operate same and facilitate the creation of more jobs for the automobile industry.

The acting Public Relations Officer (PRO) of the service, Mr. Joseph Attah, told Daily Trust yesterday in an exclusive interview that such terminal operators will neither pay duties for the imported vehicles nor pay demurrage for a period of 28 to 30 days after manifesting the vehicles at the seaports.

He said: “Customs is going to grant licences to genuine car dealers to operate bonded car terminals. What this means is that they will not necessarily need to go to Lagos to clear vehicles.

“When a dealer imports his vehicles and he manifests them for the destination in the inland areas, the dealer will only provide some logistics and the Customs will escort them down to the terminal without paying the customs duty yet.

“Of course, there will be Custom outpost around the terminal and the vehicles will stay in the terminal between 28 and 30 days without paying the duties yet.

“If such dealer is lucky and buyers come for the vehicles, they could sell and then go to the Customs desk, pay the duty, get the genuine Customs papers and drive off without being stopped for issues,” Attah explained.

Dissecting the impact, the Customs’ spokesman said it helps the end users to buy genuine cars without going outside the borders; the car dealer will have his job strengthened by having a terminal.

The elimination of demurrages for about 30 days will translate in lower cost of buying vehicles, and ancillary services, banking, mechanic villages, vending points, and others will spring up around every bonded terminal in many parts of Nigeria to create more jobs and drive the Nigerian economy, Attah noted.

On affecting the services’ revenue generation, the Customs spokesman said the restriction of vehicles importation to the seaports will boost its revenue earnings because false declarations, smuggling and informal trade patterns typical of the old land border system will be curbed.

Mr. Attah said similar policy on rice boosted local production, disclosing that the Association of Motor Dealers of Nigeria team led by its national president visited the Comptroller General of Customs (CGC), retired Col. Hameed Ali and appreciated the policy banning the importation of vehicles through the land borders.

He said the bonded terminal operation will also boost the collaboration of Customs, the Federal Inland Revenue Services (FIRS) and the Federal Road Safety Corps (FRSC) in unifying vehicle duty payment and registration of imported vehicles which is slated to begin by March 2017.


Read more at http://www.dailytrust.com.ng/news/business/importers-to-receive-vehicles-at-near-locations-customs/181234.html#IPQOxx8doTzKJ7Lc.99

Nice one. Hope it will be successful

mancityguy:
third to comment

Who taught u mathematics in primary school?

break it down in a lay man's language and tell me if this will be realistic. will it actually be implemented and be as nice as it is on paper??
only time shall tell

What's the meaning of near locations

Let me book this space. I'll think on what to write later

Nice but implement

Hh

mancityguy:
third to comment

oluwayimika123:
1

Sorry, but take heart
Go out and do something better

mancityguy:
third to comment

year of goodnews is here

Another one chance

TrumpDonald2:
Open up other ports in the country. Every importation mustn't be through Lagos. Wait, you expect us to jump up because of this?

you're a cat

ok ooo

Gud policy bad implementation

My problem with this govt is that they have answers to everything but they never implement anything! Let's see how this goes.

IT SOUNDS LIKE A GOOD PLAN.

Dead on arrival.
This will only create avenue for the bad egg in the Customs and dubious agent to make more money.

justjentle:




Nice one. Hope it will be successful

and dre will always be d@ 1 person d@ quotes d whole OP

adisarasaq:
Dead on arrival.
This will only create avenue for the bad egg in the Customs and dubious agent to make more money.

Don't mind them! we are having problem with 50$ DHL packages let alone multi-million naira car
No sane person will allow middle men to touch his/her car
Before you know it,the car has been stolen will become another talking point

A good development.

H

Good one