Escolar Documentos
Profissional Documentos
Cultura Documentos
a)
Registration as an Importer
Any company, organization and individual that intends to import goods into the country must be registered as an importer
with the Federal Inland Revenue Service (FIRS).
i) The applicant must obtain a Tax Identification Number(TIN) from the Federal Inland Revenue Services (FIRS)
ii) The applicant will file an application to the FIRS stating their name, TIN, email address and phone number.
iii) FIRS will register the applicant (TIN registration)
iv) The applicant validate their TIN and get a mail confirming their user name and password to access the Online Single
Window for Trade (www.trade.gov.ng).
b)
Shipment Stage
(1) Letters of Credit
(a) The applicant/importer forward letters of credit application to the bank
(b) The bank issues a letter of credit on behalf of the applicant and advise the credit to the beneficiary through an
advising bank (suppliers bank)
(2) The supplier review the letter of credit and commence shipment of goods.
(3) The supplier send shipping document to their bank for negotiation.
(4) The shipping document includes the following
(a) Bill of Lading/Airway Bill
(b) Combined Certificate of Value and Origin CCVO on form C16
(c) Final Invoice
(d) Packing List
(e) SONCAP certificate
(5) The suppliers bank check for compliance and forward document to the importers bank.
(6) The importer's banks check compliance and forwards copies of the document to NCS for generation of Pre Arrival
Assessment Reports (PAAR).
(7) The banks also release the PAAR to the importer to enable them determine their assessment and duty payable.
(8) The importer's bank release and endorse the original shipping document to the importer to facilitate clearance
Cost Associated
Vat: 5% of commission
Telex: =N=5,000.00
Confirmation charges (varies from banks) but a prevalent rate of 0.25% per quarter