News

Customs enforces zero duty on imported aircraft, spare parts

1 Mins read

After many deliberations, the Nigerian Customs Service (NCS) has finally begun the implementation of zero surcharges on imported commercial aircraft and spares parts used by local airlines.

The Airline Operators of Nigeria (AON), yesterday, confirmed the removal of mandatory seven per cent charges that airlines have erstwhile paid.

It was a hard-fought battle that dated back to 2016. Though the Ministry of Aviation had rallied against the charges as part of measures to support local airlines, the Ministry of Finance and NCS had continued to impose the charges on operators.

The Guardian learned the matter reached its peak recently at a Senate hearing where the AON renewed campaign against the charges, forcing lawmakers to intervene.

Vice-Chairman of the association, Allen Onyema, said it was on that occasion that the AON presented the issue of the partial implementation of the Finance Act 2020, which prohibits the payment of duties and VAT on imported aircraft and aircraft spares by the Customs Service.

“Of note was the presence of a seven per cent surcharge on the assessed duties, which was not supposed to be. This caused delays in the clearance of aircraft and aircraft spares leading to the grounding of aircraft that would have been flying.

“After the Senate meeting, the airlines contacted the Minister of Finance and Minister of Aviation on the aforementioned challenges, and both Ministers, as representatives of a responsible government, swung into action immediately.

“AON, for the avoidance of doubt, commends the Federal Government for its unflinching support for the growth of indigenous investments in Nigeria. This was very evident in the manner the government got this challenge addressed immediately within 48 hours to the joy of the airlines.

“We equally commend the Nigerian Customs Service for also assisting the airlines, including but not limited to Air Peace, in getting their aircraft spares and aircraft released. Our planes have since started flying,” Onyema said.

Operators, yesterday, said that the implementation has begun on July 7, 2021.

   

About author
Time Nigeria is a general interest Magazine with its headquarters in Abuja, the nation’s Capital.
Articles
Related posts
Cover StoryJudiciaryNews

Technology Adaptation Key to Enhanced Justice Delivery  –  Ndarani

2 Mins read
“Any reform in the sector without a strong technology base will still amount to someone running around in circles while his house…
Cover StoryNews

Nigeria’s Public Health System Under Strain as Medical and Veterinary Doctors Retirement Age Gap Widens

4 Mins read
A widening policy gap between medical and veterinary professionals is raising fresh concerns about the resilience of Nigeria’s public health system, following…
Cover StoryDevelopmentEconomyHousing and ConstructionNews

Property Xtra Integrated Services: Revolutionizing Real Estate in Nigeria

1 Mins read
Navigating Nigeria’s dynamic real estate market can be complex. Property Xtra Integrated Services, founded by marketing and advertising expert Mr. Kabir Bello,…
Stay on the loop!

Subscribe to our latest news.

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com