Vehicle Importation: FG Urged to Review Customs’ Valuation Method

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Vehicle Importation: FG Urged to Review
Customs’ Valuation Method

Customs agents in the country have called on the federal
government to urgently review the valuation method on
imported vehicles in line with customs law and articles VII of
the World Trade Organisation (WTO) General Agreement of
Tariff and Trade (GATT) domesticated under Customs and
Excise Management (Amendment) Act 20 of 2003.
The agents stated this in a petition to President Muhammadu
Buhari, signed by the President, National Council of Managing
Directors of Licensed Customs Agents (NCMDLCA), Lucky
Amiwero.
They stressed that the present motor vehicle data base that is
in use, has not been reviewed since its inception and not been
subject to adjustment in line with legal and commercial
realities of international pricing on motor vehicles.
The agents in the petition stated: “The present Motor vehicle
Data base that is Ex-Factory price is a component of Brussels
Definition of Value (BDV) , which is not in agreement with the
provision of Customs and Excise Management (Amendment )
Act, that is based on purchase price (Negotiated price with a
buyer and seller) of Motor Vehicles.
“The present ex-factory price has no negotiated component as
purchase price, which is the transaction value by the Importer,
it lacks the legal process in the criteria as contained in the
treatment of motor vehicle of paragraph 1-6 of Customs and
Excise Management (Amendment) Act 20 of 2003 and cannot
be used but reviewed to contain features of the element of
Transaction / purchase pricing on Motor vehicles.”
In a separate petition to the Comptroller General of the Nigeria
Customs Service (NCS), Col. Hameed Ali (rtd), the National
Association of Government Approved Freight Forwarders
(NAGAFF) said freight forwarders are confused and
constrained as to what laws are subsistence and most
applicable to vehicle imports valuation determination and
treatment within the Customs ports.
“It is noted that vehicle importation for specific administrative
practices is not meted with same treatment to general goods
as obtained under the Value of Imported Goods (CEMA
CAP45, Section 45 2003 No.20 of First Schedule).
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