Customs, CAC Brainstorm On Downward Review Of Levy Of Imported Vehicles
LAGOS OCTOBER 11TH (NEWSRANGERS)-The Nigeria Customs Service, NCS, and the National Automotive Council, NAC, are currently in talks over a possible downward review of the NAC levy paid by vehicle importers. Under the NAC, a levy of two percent of Cost of Insurance and Freight, CIF, is imposed on new vehicles imported into Nigeria while 15…