VIN Valuation Process Remains Fully Operational, Effective – NCS

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By; RAYMOND TEDUNJAYE, Lagos

The Nigeria Customs Service (NCS) has asserted that the Vehicle Identification Number (VIN) Valuation process remains fully operational and effective.

According to the agency, any contrary information is misleading and aims to distort the truth and misinform the public.

The Agency made the clarification while reacting to a media report which it said has caused confusion regarding the VIN process.

In a statement by CSC Abdullahi Maiwada, National Public Relations Officer for the Comptroller General of Customs, the Agency pointed out that the media reported overlooked the accurate content of the process, while it highlighted a circular about “examination and release of used vehicles” 

It therefore urged the general public to dismiss the misleading report and encourages individuals to engage with the various Customs Formations across the nation for any additional clarification or information they may require.

It reads, ” The Nigeria Customs Service (NCS) would like to address a recent media report that has caused confusion regarding the Vehicle Identification Number (VIN) Valuation process. The information is misleading, aiming to distort the truth and misinform the public. 

” While it is true that a circular about “examination and release of used vehicles” has been highlighted by the author, it is regrettable that the accurate context has been overlooked. 

” The VIN Valuation Process remains fully operational and effective. The mentioned circular specifically pertains to imported used vehicles equipped with trim numbers. These trim numbers are critical in identifying distinct versions or tiers within a specific car model. They delineate varying configurations, features, and levels of equipment associated with the model. Furthermore, different trim levels offer diverse technological advancements, interior and exterior features, and, occasionally, distinct engine options.  

” For instance, a car model could feature trim levels such as “Base,” “Sport,” “Luxury,” and “Premium.” Each of these trim levels might present differing combinations of attributes, such as premium leather seats, advanced infotainment systems, upgraded wheels, and enhanced safety features, among other enhancements. This results in an elevated value for the vehicle compared to the base model.  

” To ensure fairness and accuracy, the NCS mandates that imported used vehicles with trim numbers undergo valuation at the Valuation Seat after a thorough examination. This process aims to establish the vehicle’s appropriate and precise Customs value. 

” The NCS urges the general public to dismiss the misleading report and encourages individuals to engage with the various Customs Formations across the nation for any additional clarification or information they may require”.

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