Skip to main content

EXPORT NOTICE FROM THE NIGERIAN CUSTOMS SERVICE


This notice is issued for the information of exporters, agencies and institutions, which are involved in the business of export promotion in Nigeria.
  1. Export business worldwide is mainly about documentation. This is because much reliance is placed on documents relating to price, quantity, packaging, shipment/movement, origin etc., in a bid to confirm adherence to stipulated procedures. The buyer for instance needs documents that would enable him clear the goods in his country while the seller/exporter needs documents to ensure that he will get paid. Consequently, goods may not be exported to destination outside Nigeria unless the exporter has complied with the prescribed documentation requirements.
  2. Anyone willing to engage in export business is required to register with the Nigerian Export Promotion Council (NEPC).
  3. An exporter is required to complete and register Form NXP with an Authorized Dealer (any Commercial or Merchant Bank) of his choice.
  4. The objectives of completing the Form NXP are to ensure:
    1. That goods to be exported meet with the buyer’s expectation (order) since the goods will be subjected to inspection, conducted by relevant Government agencies. Depending on the export items, these include: Plant Quarantine, (Federal Ministry of Agriculture), Federal Produce Inspection Service (Federal Ministry of Commerce and Tourism), National Agency for Food and Drugs (Federal Ministry of Health) and Standards Organization of Nigeria (SON).
    2. That only goods that have satisfied the buyer’s order have been shipped – the Nigeria Customs Service on shipment will duly certify a copy of the form.
    3. That proceeds (payment) due to the exporter are duly repatriated within 90 days of shipment of goods and credited to his Domiciliary Account maintained with the Authorized Dealer that proceed or registered the Form NXP.
  5. Exporters are allowed foreign exchange chargeable to their domiciliary accounts for the following export promotion activities:
    1. Business travel allowance
    2. Export-oriented business trips duly certified and approved by the bank where the domiciliary accounts is maintained.
    3. Export-related activities such as trade missions, trade fairs, export marketing, research etc.
    4. The exporter is also to sell part or all of his export proceeds in this Domiciliary Account for Naira to any Authorized Dealer at the prevailing buying rate in the Autonomous Foreign Exchange Market (AFEM).
    5. Export proceeds from Domiciliary Accounts could also be used by exporter for imports provided the proceeds have been fully repatriated in the first instance.
Procedure and Documentation Requirements
The following are the basic documentary requirements for an export transaction:
  • A duly completed Form NXP
  • A proforma invoice
  • A sales contract agreement, where applicable
  • NEPC registration certificate
  • Relevant certificate of quality as issued by one or more of the agencies stated in 1(d)(1)
  • Shipping documents e.g. bill of exit, bill of lading etc.
  • Other certificates e.g. Form EUR-1
Distribution of Form NXP
The exporter shall complete a form NXP to include the following details:
  • Name and Address of Exporter
  • NEPC Number
  • Description of the goods to be exported
  • Quantities and their measurements
  • Unit cost of goods
  • Total cost of goods
  • Other charges, if any
  • Mode of transportation
  • Name and Address of buyer (consignee)
  • Country of destination
  • Other documents such as phytosanitary certificates, certificate by SON, NAFDAC etc.
The NXP form is completed in six (6) copies. The processing bank shall retain the first copy and the second copy would be sent to the Central Bank of Nigeria (CBN). After extraction of relevant information, the same copy shall be forwarded to the National Maritime Authority (NMA). The third, fourth, fifth and sixth copies shall be sent to the Nigeria Customs Service (NCS). After shipment of the goods and necessary endorsements by the NCS, the copies shall be promptly dispatched to the CBN, the Nigerian Exports Promotion Council (NEPC) and the exporter while a copy shall be retained by the NCS.

Reparation of Export Proceeds
Proceeds should be repatriated into an export proceeds Domiciliary Account maintained with the processing bank within ninety (90) days of shipment with relevant fax or e-mail messages evidencing the receipt of the proceeds. Banks are required to certify the receipt of such proceeds to the Central Bank of Nigeria promptly.

Export Incentive Schemes
In the with the provisions of the 1999 Budget, the various export incentive schemes and funds will be consolidated into the new Manufacturer-in-Bond scheme whereby payment of cash incentives to exporters shall be replaced with the introduction of negotiable Duty Credit Certificate.

***Credit: The Nigerian Custom Service

Comments

Post a Comment

SEE OTHER INTERESTING ARTICLES

PLANTAIN FLOUR PRODUCTION AND EXPORTATION

Plantain flour is used in preparing a staple food, loved  by different tribes of Nigeria. In the southwestern region of Nigeria, it can be kneaded into dough usually called “Amala” by the Yoruba speaking tribe. The health benefit of plantain flour cannot be over emphasized. This makes this product a very good exportable product among semi-finished exportable product category in Nigeria.  Plantain flour is made of dried and pulverized sliced plantain. Therefore, the major constituent used in making Plantain flour is PLANTAIN. Plantain is rich in high fiber content, It has low sodium/fat content and relatively rich is protein (between 3.0 to 3.5%) compared to other fruits.   It contains high level of Ascorbic Acid, Carotene and some other vitamins valuable to the development of the body. Plantain flour consumption is especially good for patients suffering from: Diabetes, Coronary Heart Disease, Arteriosclerosis, Angina Pectoris, Palpitation, High Cholesterol Level, High Blo
3 comments
Read more

SHEANUT/SHEABUTTER EXPORT BUSINESS OPPORTUNITY

SHEA NUT Shea nuts are primarily grown in West and Central Africa in the semi-arid Sahel,referred to by traders as the "Shea Belt". Vitellaria paradoxa and Vitellaria nilotica are the two main varieties. Shea nuts are mainly use in the production of Shea Butter. Therefore all the uses of shea nuts are invariably embedded in the economic importance of Shea Butter. Sheanut grows in the wild across the Sudan-Sahelian region of Africa. The major producing countries are: Nigeria, Togo, Benin, Ghana, Uganda, Mali, Burkina Faso and Central African Republic. Nigeria is currently the leading producer of Sheanut in the world and in 2004 Nigeria's production of the commodity was 414,000 metric tonnes with export value of US$61.04 million (Source: FAO).   Shea nut is grown in Kwara, Kogi, Niger, Oyo and Ogun state. It can also be found in a number of the northern states of Nigeria.   It is important to note that Nigeria is the largest prod ucer of shea n ut in West
Post a Comment
Read more

CHARCOAL EXPORT BUSINESS OPPORTUNITY

Tap into the emerging market of non-oil commodity export. It is not only oil that we export in Nigeria, we export commodities. But I must tell you the truth; commodity export is untapped in Nigeria. What is happening now in Nigeria is a kind of revolution, in the sense that government is now reawakening itself to the danger of completely abandoning the non-oil sector. Presently, a lot of commodities are being exported out of Nigeria, like charcoal, Cashew Nuts, Shea Nuts, Cassava Chips, Honey, Kolanuts, Bitter Kola e.t.c which is in high demand by international buyers, but we will like to discuss CHARCOAL EXPORTATION in this report. CHARCOAL EXPORT BUSINESS                            Though, one of the nation’s biggest export earner, it cost no fortune to set up and there is no shortage of market overseas. Added to this, one can run it from home. Given the right mentorship, the business is simple to start and in huge demand that anyone can make money doing it. Germany, Bel
5 comments
Read more

FREE REPORT ON KOSSO WOOD EXPORT BUSINESS

It’s now vividly clear that the Nigerian economy is now focusing agricultural commodities exportation which has not been given enough consideration for a very long time. The Nigerian economy has been majorly sustaining on OIL EXPORT which has capsize our currency from $1=N1 in those days, to $1=N 50 0 nowadays. Right now, serious investors are shifting to NON-OIL COMMODITY EXPORT. There is a saying that “as time goes on, the world shift”. And “the only permanent thing is CHANGE”. Therefore, every good investor will move with the trend. The current trend is NON-OIL COMMODITY EXPORT/AGRICULTURAL COMMODITY EXPORT. In this report, we we will be discussing a particular agricultural commodity popularly called “Kosso Wood”. PROFILE Botanical Name : Pterocarpus erinaceus DESCRIPTION The tree height varies from 12 to 15 m. The bark is stiff, blackish and scaly. The branches have long shoots which bend downwards. The first golden-yellow flowers appear in January when the tr
Post a Comment
Read more

GINGER VALUE ADDED PRODUCTION

Ginger is a spice that is highly valuable in the international communities. It’s scientific name is Zinzigiber officinale and it is often dried artificially or through the sun to 10% - 12% moisture content. It is recognized for its pungency, aroma, aleo resin and high oil content. Ginger is an highly valuable spice across the world. It's usefulness cut across major industries and continents of the world. It is available in various form like; Fresh Ginger, Sliced Ginger, Dried Split Ginger and Grounded Ginger. Ginger is mostly used in the confectionery industry for producing ginger ale, ginger beer, biscuits and other ginger flavored products. It is also used in the pharmaceutical and cosmetics industry. Therefore, it’s demand is increasing both locally and internationally. To realize more profit, you need to get involved in Ginger Value Added Productions by processing dried split ginger into Ginger Powder or Concentrate rather than selling it raw to the local and internatio
Post a Comment
Read more