VIN Valuation Process fully operational, effective—Customs
…Says reported suspension misleading, untrue
The Nigeria
Service (NCS) refuted media report (not Dailynewswire) which indicated that the VIN Valuation Process has suspended, saying the “information is misleading, aiming to distort the truth and misinform the public.”
It noted that while it is true that a circular about “examination and release of used vehicles”, “it is regrettable that the accurate context has been overlooked.”
A statement on Monday by Abdullahi Maiwada, National Public Relations Officer, NCS, stated that the “VIN Valuation Process remains fully operational and effective.” It said that 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,” Maiwada said.
According to him 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, he stated.
He further said that 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. He added that 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.