Você está na página 1de 1

IMPORTATION PROCEDURE IN NIGERIA

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)

Procedure in Nigeria that FOPS adopts


i) Pre Shipment Stage
(1) e-Form M approval (Declaration of Intention to import goods into Nigeria).
(a) The applicants (Importer) fills e-form M stating Valid for Forex/Not valid for Forex on line
via www.trade.gov.ng and attach all relevant document;
(i) Proforma invoice (state payment mode as either Letter of Credit, Bills for Collection or Telegraphic
Transfer)
(ii) Certificate of Insurance (Insured Value in naira must be at 110% of the PFI value)
(iii) Regulatory documents e.g SONCAP Product certificate and NAFDAC certificate
(b) The applicants submit the e-form M for further approval by the bank and the Nigerian Customs Services (NCS)
(c) The banks approves the e-form M and forward the application to NCS for acceptance/registration.
(d) Shipment cannot be carried out until the Form m is registered/accepted by NCS.
Cost Associated

Form M processing fee :=N=5,000.00

CBN recovery fees for utilising the Trade platform: =N=1,500.00


ii)

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

Commision:1% of the LC value

Vat: 5% of commission

Telex: =N=5,000.00

Confirmation charges (varies from banks) but a prevalent rate of 0.25% per quarter

iii) Payment Stage


Once complaints documents are presented by the beneficiary, GTBank will proceed to pay the beneficiary.

Você também pode gostar