{"id":174874,"date":"2022-04-09T19:49:32","date_gmt":"2022-04-09T18:49:32","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=174874"},"modified":"2022-04-09T19:49:32","modified_gmt":"2022-04-09T18:49:32","slug":"customs-import-duty-on-cars-reduced-to-20","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/04\/09\/customs-import-duty-on-cars-reduced-to-20\/","title":{"rendered":"Customs: Import duty on cars reduced to 20%"},"content":{"rendered":"<p>The Nigeria Customs Service (NCS) has stated that duty payable on imported cars has been reduced from 35 percent to 20 percent.<\/p>\n<p>The development was confirmed by Timi Bomodi, the spokesman for NCS in a chat on Saturday.<\/p>\n<p>\u201cThe new common external tariff (CET) 2022 to 2026 puts the duty for cars at 20 percent. However, we await further directives from the federal ministry of finance with regards to levies,\u201d he said.<\/p>\n<p>He explained that the CET is the harmonised system for the world <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/04\/06\/3466-customs-officers-promoted\/\">customs<\/a> organisation (WCO) for the processing of imports adopted by the Economic Community of West African States (ECOWAS) for common duty rates.<\/p>\n<p>\u201cThese rates are reviewed every five years. The old ECOWAS CET expired in 2021,\u201d he added.<\/p>\n<p>Bomodi said that the new rate applies to both new and used cars imported into the country.<\/p>\n<p>Asked if the new rate has been implemented, he said: \u201cThey are already using the 20 percent duty rate. Finance can still introduce whatever measures in line with the national automotive policy.\u201d<\/p>\n<p>Meanwhile, in a phone conversation, Emmanuel Ogu, a member of the Association of Nigerian Licensed Customs Agents (ANLCA) said no circular has been issued regarding the reduction of import duty on cars.<\/p>\n<p>\u201cWe have not gotten any circular. I have not seen an official circular. So, if something is said without an official circular, then it is a rumour,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigeria Customs Service (NCS) has stated that duty payable on imported cars has been reduced from 35 percent to 20 percent. The development was confirmed by Timi Bomodi, the spokesman for NCS in a chat on Saturday. \u201cThe new common external tariff (CET) 2022 to 2026 puts the duty for cars at 20 percent. [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":174901,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[34888,538,15214,33553],"class_list":["post-174874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-association-of-nigerian-licensed-customs-agents","tag-nigeria-customs-service","tag-timi-bomodi","tag-world-customs-organisation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Customs: Import duty on cars reduced to 20%<\/title>\n<meta name=\"description\" content=\"The Nigeria Customs Service (NCS) has stated that duty payable on imported cars has been reduced from 35 percent to 20 percent.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/04\/09\/customs-import-duty-on-cars-reduced-to-20\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Customs: Import duty on cars reduced to 20%\" \/>\n<meta property=\"og:description\" content=\"The Nigeria Customs Service (NCS) has stated that duty payable on imported cars has been reduced from 35 percent to 20 percent. 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