• Tue. Oct 3rd, 2023

    Customs Authority Engages Stakeholders In VIN Valuation Sensitization

    ByHybrid Communications

    Aug 31, 2023

    In a bid to enhance transparency and efficiency in the importation of vehicles, the Ports Terminal Multiservices Limited (PTML) Customs organized a crucial sensitization meeting with stakeholders.

    The Customs Area Controller of PTML, Comptroller Saidu Abba Yusuf, stressed the need for auto importers to embrace transparency when declaring information about their imported vehicles.

    The meeting focused on Vehicle Identification Number (VIN) valuation, dispelling rumors that the VIN valuation method had been canceled.

    Comptroller Yusuf reiterated the stance of the Nigeria Customs Service headquarters, asserting that the VIN Valuation Process remained fully operational and effective. He emphasized that trim numbers play a pivotal role in identifying different versions or tiers within a specific car model, indicating varying configurations, features, and equipment levels associated with distinct models.

    Comptroller Yusuf underlined the significance of accurate valuation, noting that vehicle trims vary among different types.

    He criticized some declarants for lacking transparency in their declarations, often inputting the lowest base value they believe possible, which subsequently triggers interventions such as demand notices and alerts.

    He urged importers and agents to adopt invoice and transaction values as a means to foster transparency and uphold integrity throughout the vehicle clearance process.

    Drawing from Section 24 of the Nigeria Customs Service Act (NCSA) of 2023, he highlighted the provision for advance rulings by stakeholders to the NCS before engaging in a transaction. Such rulings would hold binding authority over both the Customs Service and the importer/agent, in accordance with the new law.

    Comptroller Yusuf also noted that this meeting aligned with the law, emphasizing the importance of customs stakeholders’ partnerships as mandated by Section 29 of the NCSA 2023.

    He emphasized that these meetings provide a platform for collaborative problem-solving and the identification of challenges, following the directive of the World Customs Organization (WCO) and World Trade Organization (WTO) to encourage consultations for effective trade facilitation.

    Regarding operational improvements, he informed stakeholders that the code 846 for clearing non-standard VINs has been upgraded to further reduce human contact, introducing an e-846 system that saves time and streamlines the trade process. This innovation resonates with the customs’ commitment to modernize procedures in line with global trade facilitation goals.

    “I must commend the system because the reduction of human contact is very effective and beneficial to all as it saves time. I personally monitor electronically from my office and can confirm that my officers are implementing it diligently.

    “Where ever you are experiencing delay in the process under my command, please draw my attention to it. My doors are open and will be more open to all of you.

    The help desk headed by the Command’s Public Relations Officer is active and responding to all inquiries online and in real time” Comptroller Yusuf said.

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