Esseite:


What are you saying?... an increase from 600m to N3m is shortchanging the Government? Is it not the end user that pays the 600k that if approved, would be increased to N3m which will inturn escalate inflation on cars, machineries, products, transport and 98% of our household items because they are imported one way or the other either as raw material or finished product.

FreeStuffsNG:

God bless you sir!

On the fx side, the importers have been overinvoicing while the exporters have been underinvoicing.

By the time we fix that port system, you will be shocked to realize how much has been stolen from the system. These protesters are fronts for the same people that wrecked the system. The N600K old rate is the corruption rate!

okeysoninv:
funny it's not the importers that are crying but agents. Lol more like crying more than bereaved. Well It has been explain already.

connkg:
"No more bribes or settlement on the road?"

Really? The electronic medium will remove the gangs of people on the road? This is like the Police "assuring" Nigerians of security, if they have made one payment or the other for a new permit or license plate.
The e-valuation will not physically remove anyone from the roads leading to the ports. NCS should mount that patrol on access roads to validate this increment.

ndubuisi1213:

I don't think you understand the implication... Agents are crying for you but you but you are not seeing it. If such hike of import duty take place, prices of cars will go up, car parts will go up, goods will go up. Every body will be affected bro. So is not about agents crying for importers, is for them to do what is write

okeysoninv:
let me explain it you from an agent,"

If a car was supposed to pay 3million duty... U bribe customs with 700,000 and u pay 1.5miliion duty.

Even at that, patrol customs(FOU) extort money from u from 50,000 upwards on the road for the next few months or years.

But with the e-invoice, u get the 3million invoice and pay the correct duty.. No more bribes and settlement at the ports or on the road..

To me as a clearing agent, I will be loosing over 80% of what I normally see as profit cos of these bribes..

But as a Nigerian, for the greater good, its the best thing that can happen to customs issues cos the fraud too much.

NB.. This my explanation applies to car imports alone which is my area of specialisation.."
Cc: Modecai

okeysoninv:
they are crying the loop holes has been covered

okeysoninv:
they are crying the loop holes has been covered

okeysoninv:
let me explain it you from an agent,"

If a car was supposed to pay 3million duty... U bribe customs with 700,000 and u pay 1.5miliion duty.

Even at that, patrol customs(FOU) extort money from u from 50,000 upwards on the road for the next few months or years.

But with the e-invoice, u get the 3million invoice and pay the correct duty.. No more bribes and settlement at the ports or on the road..

To me as a clearing agent, I will be loosing over 80% of what I normally see as profit cos of these bribes..

But as a Nigerian, for the greater good, its the best thing that can happen to customs issues cos the fraud too much.

NB.. This my explanation applies to car imports alone which is my area of specialisation.."
Cc: Modecai

Buchika:
Dangote is bringing his locally assembled car to market; and tokumbo cars are his biggest competition. Government is making it easier for him.

okeysoninv:
let me explain it you from an agent,"

If a car was supposed to pay 3million duty... U bribe customs with 700,000 and u pay 1.5miliion duty.

Even at that, patrol customs(FOU) extort money from u from 50,000 upwards on the road for the next few months or years.

But with the e-invoice, u get the 3million invoice and pay the correct duty.. No more bribes and settlement at the ports or on the road..

To me as a clearing agent, I will be loosing over 80% of what I normally see as profit cos of these bribes..

But as a Nigerian, for the greater good, its the best thing that can happen to customs issues cos the fraud too much.

NB.. This my explanation applies to car imports alone which is my area of specialisation.."
Cc: Modecai

walemoney007:
What will custom officers be asking bribe for again after you don pay all the necessary charges with documents to back then up?

If you pay any bribe, you mumu be that

connkg:


NCS aren't the gangs on the road. Touts all over Apapa exits are. They damage cars and pull-off side mirrors because they are not stopped. The official people (NCS) should clear the roads.

connkg:
"No more bribes or settlement on the road?"

Really? The electronic medium will remove the gangs of people on the road? This is like the Police "assuring" Nigerians of security, if they have made one payment or the other for a new permit or license plate.
The e-valuation will not physically remove anyone from the roads leading to the ports. NCS should mount that patrol on access roads to validate this increment.

FreeStuffsNG:

It is actually CBN that has stopped giving rebate on forex the importers use to bring in and clear cars.

I just learnt that there is actually subsidies on the payment for clearing cars so that cars are made affordable but the process has been massively abused and CBN is equally rationing its forex so it removed the rebate fueling the inefficiency.

Cars may become expensive to clear but it is not because price for clearing changed, it is because CBN can no longer be giving usd at 272 naira.

kuntash:


CBN giving USD @272 in what year pls , I suppose that's a typo ...

FreeStuffsNG:


Exactly o! So I thought I did not hear the amount well too.
They told me that it is called compromised valuation. I believe those in the sector should be able to enlighten us more. The grouse is that customs is demanding N504 per usd and nothing is left for them and it makes imported cars too costly. I was slightly embarrassed and wanted to ask for how long this unfair system has been going on. That some folks get usd for 272 for this ridiculous reason of making cars affordable

Well, it is now in the hands of cbn that actually fund the forex needs of the importers. customs abused processes a lot in this importation and exportation business.

kuntash:


I think what they collect is 35% of the cost or value of the vehicle which I think they call surface charge
The calculation is based on the official CBN dollar to naira rate ...

It doesn't make sense to alter that rate especially when the importer did not get the FX from CBN but had to source from the parallel market ..

There are port and terminal charges paid , all on one vehicle ... Just imagining the multiplier effect .

You see the main thing here is flagrant application of schemes of corruption in a different guise ..


What is difficult in the Nigeria customs to publish tye automobile duty rates on their websites ? As in making it clear and open to avoid these plenty noise ? That's where anticorruption ought to begin if you asked me

kuntash:





What is difficult in the Nigeria customs to publish tye automobile duty rates on their websites ? As in making it clear and open to avoid these plenty noise ? That's where anticorruption ought to begin if you asked me