MADE IN NIGERIA CAR
Goods may be imported into Nigeria from all countries, tariffs were increased on a wide range of products, although they have been reduced for some.
Customs duties are levied on a large range of products imported under the Harmonized Commodity designation system of description and coding HCS introduced in 1988 Classification of goods in the system must be in place for a period of seven years to improve proper planning by the importing and exporting functions are intended to give protection to local industries through the selective use of tariffs rather than an outright ban on the import duties are reviewed every year quite frequently, sometimes current rates can be obtained from the Department of Customs and excise.
Import duties in Nigeria generally fluctuate in line with socio-economic policies of the government in a given period, for example, duties on raw materials for the manufacture of cement and pharmaceuticals, as well as for printing have been completely removed in the first two cases, or greatly reduced in the third case to encourage the implementation of government housing, education and health policies, respectively Note however that the rights on some products increased .
To reduce the local cost of manufacturing products and discourage imports, the government in 1992 released a duty-free list for the period between March 24, 1992 and December 31, 1993 extended the list mainly includes machines and industrial equipment and components and parts completely unassembled.
Motor vehicles for public transport which are imported for commercial purposes attract a duty of 5 percent between March 24, 1992 and December 31, 1993, the same law applies to traffic and special purpose vehicles and tractors other vehicles engine, including cars and sports cars are now subject to an ad valorem tariff for the period specified above, they receive a 80 percent discount on the tariff rates are shown in table V.
Automotive spare parts are also free of duty for the prescribed period a roadworthiness certificate from the competent authorities in the exporting country must accompany all imported used cars in Nigeria.
Excise taxes were reintroduced with effect from 1 January 1994.
To pave the way for the generation and attraction of more foreign exchange into the economy, the budget has reintroduced the L L 1994 C All imports are now by letter of credit; they should be covered by an import duty and IDR report a clean report of finding FIU, except for imports which cost us 1,000 or less.
The financing of imports through open accounts and bills for collection, except in approvals specified for manufacturing and agriculture, through the currency was abolished offical by the 1994 Budget All importers must complete Form Mr.
In addition, importers must submit Form M by a bank to the Central Bank of Nigeria before their application for the purchase of foreign currencies may entertain.
To claim the goods at Nigerian ports, the following documents must be presented to officials of the Department of Customs and Excise.
4 marine insurance policy issued by a Nigerian insurance company.
5 Quality certificate of the exporting country for food and drugs.
A number of local clearing agents can be used to clear goods imported Several problems may arise when the clearance of goods if the importer is not used to the procedure and does not know the documents required by the Department of Customs and Excise it is therefore advisable to use local clearing agents who already have an ongoing relationship with officials of the Department of Customs and excise.
This section describes the procedures to be observed by importers and other parties in Nigeria wishing to import or import goods and pay ino the country.
All persons who intend to import physical goods in Nigeria are required in the first instance to treat their H form by a bank, regardless of the value and payment of wether is involved or not.
Shipments must carry the product name, country of origin, specifications, date of manufacture, batch or lot number, standard s which they were produced e g BS, DIN, ISO IEC, NIS, etc.
Food products, including beverages, pharmaceuticals and chemicals should carry expiry dates and or duration of life and specify active ingredients, as appropriate, on the packaging The expiration date must be atleast the half of life at the time of the inspection.
All electronic equipment and instruments must bear, not instruction manual charts and scoring on containers.
All electronic equipment and instruments must wear safety information and signs or saftey.
All electronic equipment and other items, if any MUST a guarantee of at least six months warranty.
Hardware and software must be 2000.
Plant materials, whether for planting, consumption of industry are covered with the phytosanitary certificate of the exporting country certifying that the plant material was inspected and found free from parasites and some treatments have been made, if so, under the protection of FAO's plant Convention.
Each article manufactured, including components and spare parts are brand names and manufacturers of bears.
Fluorescent lamps Electric appliances, light bulbs irons, electric kettles etc. Are required to carry information on their performance in life while the cables should include information on their rating.
Misrepresentation of product specifications and cause delays or seizure.
Providing false information with the intention of cheating will also result in delays and seizure or impoundment of the consequences.
Blank products will be automatically seized and destroyed.
All goods imported into the country must be labeled in English, in addition to any other language or make liable to confiscation.
Manufactured goods arid materials are subject to Standard Organization of Nigeria SON certification in accordance with the provision of its enabling law.
Form M and the ratio of own inspection procedure.
From 1 September 1999, all products with the exception of personal effects, motor vehicles and perishables ie day chicks human eyes, human remains, vaccines, yeast, periodicals magazines imported into the Federal Republic of Nigeria is subject to pre-shipment inspection in the country of supply, however, motor vehicles and perishables but exempted from PSI demand the end of the form Mr.
Anyone importing goods to Nigeria should address the M form a commercial bank authorized dealer Authorized banks is responsible for delivering all forms M, including those for imports excluded from inspection inspection agents designated liaison offices in Nigeria.
The form M and the supporting documents submitted to inspection companies by dealers should be clearly marked Valid for Forex or invalid for Forex depending on whether or not the exchange remittance would be involved.
Form M and relevant profoma bill must contain an adequate description of the imported goods, including the relevant specifications, etc.
Form M is sextuplicare three copies are sent to pre-shipment inspection agents and the Customs Service of Nigeria and the NMA Biro importer.
Form M may be obtained from any office of the shipment inspection agents, Embassies of Nigeria, local banks, bank branches Nigerian overseas and their corresponding batiks.
The completed M Invalid form for foreign currency from abroad will be returned by the agents appropirate inspection before shipment abroad to one of the designated banks or a bank of choice of the importer in Nigeria.
CRI issue or a report Divergence is mandatory for all imports except those exempted from inspection and those specifically exempted by the Minister of Finance, the planned approval was obtained before shipping the goods .
The seller of goods ie the party with which the Nigerian importer has a contractual relationship is necessary to perform the physical inspection of goods with the inspection company designated in the country of supply The PSI agent must be given at least three working days' notice before the date of the inspection.
The seller shall make arrangements for the handling and presentation of goods for inspection and the costs incurred are therefore behalf If the seller has called in society without having prepared the goods for the purpose of inspection, or if the goods have been inspected and are found not to be requirements or specifications, the costs of any further intervention of the Company are the responsibility of the seller.
The seller must provide the designated control officer a copy of the packing list, final invoice and other documents would be requested by the inspection officer.
The importer must inform the provider about the need to submit after completion of the inspection, the final commercial invoice or within 72 hours to the inspection agent to facilitate the publication of the report of the own inspection CRI .
Importers of goods beyond the statement on the manifest will continue to be penalized under the provisions of the law.
It is the duty of the bank or the importer bank that processed the form M to issue a bank draft regarding the amount shown on the ICC to the customer who pays even at one of the designated banks.
All commercial imports in Nigeria must be accompanied by a final invoice bearing the CRI number with adequate product description, packing list, transport document B L, AWB Way Bill, and manufacturers certificate of analysis, as appropriate.
The CRI number is listed on the bill of lading and also written against each item on the cargo manifest.
The inspection concerned must affix a warning label on the final invoice submitted by the seller attesting that shipment inspection as has been done successfully the final bill will confirm, in LC transactions abroad negotiating bank, the goods have been inspected in accordance with the requirement of import of the Federal Republic of Nigeria the final bill must bear the CRI number and the certified value.
Goods imported by neighboring countries must be accompanied by relevant CRIS.
Importers must pay a CISS administrative fee of 1 Free On Board value F E B Argentinad all dumped imports on the average exchange rate in effect at the time of inspection of goods presented by the Central Bank of Nigeria.
All imports are valued for duty at the average exchange rate in effect at the time of issuance of CRI products presented to agents of the Central Bank of Nigeria.
Nigeria Customs Service informs shipment inspection agents appointed by the issuance of Form C 101 A in the event of service divergence assessed on the ICC and the duty assessed by the NCS.
The payment of customs duties and CISS administration fees are Argentinad on clean report of inspection without modification CRI However, the Nigeria Customs Service NCS may, with the prior approval of the Minister of Finance to assess the rights further if it is found that the right of the ICC is wrong in this case, the goods are cleared in assessing ICC on a guarantee for the value of the difference delivered by an additional law designated bank may be imposed, so after authorization with the Minister of Finance.
The issue of a bank draft by the customer of the bank and the payment of it in the bank designated to be done and cleared and receipt issued by the designated bank before the original counterparty CRI to customs purposes is released to the importer to clear the goods.
The bank project for import rights should be given to designated banks and reception granted the form number SGD indicated on it before the goods are cleared.
All nominated banks should open branches in ports where customs duties are paid.
When the guidelines are implemented satisfactorily by importers, Nigeria Customs Service releases the food in 48 hours.
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