According to the Controller Valuation of the Service, Comptroller Anthony Udeze, the depreciation value of vehicles has not been done properly prior to now. He added that a lot of variables had also been considered as the commission sets out to redeploy its VIN platform.
“So, the committee have applied the auto policy and done a linear depreciation from 2021 to 2013. It must be stated at this point that the provision of over 12years of age is still applicable. So, if you are bringing a vehicle that is over 12 years, the value you are going to see is the value for 2013.
He further assured stakeholders that they were going to enjoy the platform. According to him, the duty value of cars would become favourable for players in the industry as it has taken into consideration the depreciation value of imported used cars. “The new digital PAAR is another good development. Nigeria is not going to stay behind watching people take advantage of digital technology for business facilitation. If there is anything we need to adjust, let us know we will adjust it.”
As a dear what are the advantages of e - valuation , please
As a clearing agent, I say weldone NCS, more so let there be a task force to monitor officers that may want to jeopardize this initiative… my thought
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