The Nigeria Customs Service today commenced the rollout of its Vehicles Identification Number(VIN) platform for the electronic valuation of vehicles. The agency also said it is set to review depreciation on vehicle duty.
The service’s Controller, Valuation, Comptroller Anthony Udeze, stated that the depreciation value of vehicles have been inappropriately executed before now. Therefore, a lot of factors have been taken into consideration as the commission reintroduces its (VIN) e- valuation platform.
Comptroller Udeze stated this during a sensitization meeting organised as part of preparation for the redeployment of the VIN platform. The comptroller stated further that the platform would introduce a collective workout plan for all stakeholders in the industry.
While speaking on the commencement of the e-valuation today, Comptroller Udeze added that the VIN valuation will be rolled out over the weekend and the application will begin on Monday for those who capture on Saturday. He reassured the stakeholders that they would have a seamlessly experience using the platform.
While speaking at the event, the acting National President of the Association of Nigerian Licensed Customs Agents, Kayode Farinto, admonished agents to comply so that the clearance processes will be fast, adding that auto-release is an agent right and customs must address it to ensure that the process runs smoothly.
