AUTO POLICY: FG Officially Extends Implementation Of 35% Levy On Used Vehicles To January 2015

Even as stakeholders in the nation’s maritime industry are becoming more apprehensive over the implementation date of the 30 per cent levy payable on imported used vehicles, there is a confirmation that the Federal Government has indeed granted the prayers of those who wanted extension.
Ahead of yesterday’s official commencement of the National Automotive Policy, the implementing agency; the National Automotive Council (NAC) issued a press statement to confirm that there will be no collection of 35 levy on imported used vehicles until January 1, 2015.
Even though the agency, in the statement that the July 1, 2014 take-off of the auto policy is sacrosanct, it nevertheless acknowledged that lack of a credit purchase scheme in place and the lack of capacity by manufacturers are impeding the full take-off. (See NAC Press Statement on page 2).
But, yesterday, our correspondent spoke with the Customs Area Controller (CAC) in charge of PTML command; Comptroller Adegoke Folorunsho who confirmed that the directive had not been communicated to the command.http://shippingposition.com.ng/article/auto-policy-3