New vehicle registration scheme begins March 31 – Adeosun

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New vehicle registration scheme begins March 31 – Adeosun

The Federal Authorities has fastened March 31, 2017 for the graduation of registration of vehicles being imported into the nation beneath the Automobile Identification Quantity scheme.

It’s anticipated that the scheme will put an finish to the smuggling of autos into the nation via the land borders, and remove income leakage by guaranteeing that applicable duties are paid on imported autos.

The Minister of Finance, Mrs. Kemi Adeosun, who disclosed this through the opening of a workshop on the mixing of the Nationwide Car Identification System held on the Customs Command and Employees School, Gwagwalada, Abuja on Monday, mentioned the initiative aimed to introduce expertise to counter the actions of smugglers and enhance income assortment.

In attendance on the workshop have been the Comptroller Common of the Nigeria Customs Service, Col. Hameed Ibrahim Ali (retd); Secretary of the Joint Tax Board, Muhammed Abubakar; Corps Marshal, Federal Highway Security Corps, Boboye Oyeyemi; and Assistant Inspector-Basic of Police, Alkali Usman, who represented the Inspector-Common of Police.

Adeosun, in keeping with an announcement by her Particular Adviser on Media, Festus Akanbi, acknowledged that income could be elevated by lowering leakages by the nation’s porous borders, including that there would even be a discount in imports beneath-declaration and evasion of responsibility fee.

The minister acknowledged, “Going ahead, we’re introducing a brand new system the place all automobiles can be registered utilizing the Car Identification Quantity, efficient March 31, 2017. Customs clearance will probably be linked to the VIN, and this in flip, shall be required by every state authorities on the level of auto registration.

“Successfully, any car on which responsibility has not been paid won’t be able to be registered and pushed in Nigeria. We’re utilizing expertise to make smuggling an unprofitable enterprise.”

She defined that members of the general public can be suggested to make sure that they obtained proof of customs responsibility cost when buying a car to keep away from being saddled with the legal responsibility of unpaid duties and associated penalties.

The minister famous that the nation was shedding billions of naira yearly to the actions of smugglers and described the VIN system as a strong software towards the illicit and harmful follow.

Adeosun added, “The VIN supplies a type of identification for every car that can be linked to proof of possession and related to a centralised database. One other benefit of the VIN is that the unique car producers will concentrate on the autos imported into Nigeria.

“This data is essential the place security and different remembers are issued internationally. The producers will now haven’t any excuse for not extending the advantages of such recollects to Nigerian clients.

“The target is to make sure transparency and accountability within the assortment of duties and create a central system for monitoring all automobiles coming into Nigeria unbiased of level of entry, shared database for all regulatory and enforcement businesses and necessities. As we develop the database to cowl all automobiles, we will deal with automotive theft and non-insurance coverage of automobiles, amongst others.”

In accordance with the minister, the collaboration between the Customs, FRSC and the Federal Inland Income Service will probably be instrumental to attaining this goal.

She added that the programme was additionally anticipated to considerably enhance automobile safety and ease of switch of autos from one proprietor to the opposite.

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