nigeria import and export information: 2010

Tuesday, November 30, 2010

What does export mean to my business?

Exporting will provide your company with prospects for growth in profits and competitiveness. The Australian market is open to international forces so if you are successful in Exporting will provide your company with prospects for growth in profits and competitiveness. The Nigerian market is open to international forces so if you are successful in Nigeria there is a good chance your product or service will meet international competition. Developing a new market anywhere (interstate or overseas) requires an investment of time and resources. You need to be sure at the start that export will benefit your company. Any new business strategy requires commitment – and none more so than exporting. You need to have all your staff signed on to the company's export success.

Exporting can be a profitable way of expanding your business, spreading your risks and reducing your dependence on the local market. Nigeria research shows that, on average, exporting companies are more profitable than their non-exporting counterparts.By exporting it exposes you to new ideas, management practices, marketing techniques, and ways of competing that you wouldn’t have experienced by staying at home. All this considerably improves your ability to compete in the domestic market as well, by going overseas, you can become more efficient and increase your productivity. Exporting companies have better growth prospects, highly skilled, highly productive staff and tend to adapt tecchnology and best practice techniques faster. Even if you have a limited domestic market, you should think about exporting - around a quarter of new exporters are born globals & find exporting natural. I guarantee you that by reading blog post from the previous to date you get to no how easy it is to start your your business.

Thursday, November 11, 2010

Responsibilities of the Importer

Responsibilities of the Importer

1. It shall be the duty of the importer to ensure that the supplier makes available the pro-forma invoice in accordance with the imports procedure of the country. As a result, there must be no ambiguity in the description of the goods

2. The importer shall also ensure that all the documents to be forwarded to the Authorized Dealer Bank are genuine and verifiable

3. All the requirements listed under the imports procedure must be complied with before documents are forwarded to the Authorized Dealer Bank.

4. The importer shall also advise the Supplier on the status of the relevant Form M before shipment takes place.

Tuesday, November 2, 2010

Documentation Requirement for Import Payments under the DI Scheme

Documentation Requirement for Import Payments under the DI Scheme

1. Confirmed letters of credit

Original copies of:
1. Approved Form ‘M’
2. CCVO
3. Manufacturer’s Certificate with standards adopted stated thereon
4. Clean/Shipped on Board Bill of Lading/Airway bill/ road Way bill
5. Packing list
6. Letter of credit instrument (tested)

2. Documents to be submitted after clearance of goods:
1. Risk Assessment Report (RAR) with the Form ‘M’ no.
2. Single Goods Declaration (SGD) Form duly completed and signed by either the importer or his appointed Agent.
3. CCVO
4. Copy of the packing list
5. Import Duty Payment receipt with the SGD number clearly stated thereon
6. Copy of the attested Manufacturer’s Certificate with Standards adopted stated thereon
7. Copy of the Carrier Certificate
8. Laboratory test certificate for chemicals, food, beverages, etc.

3. Bills for Collection Transactions
1. Approved Form ‘M’
2. SGD Form
3. CCVO
4. Attested Manufacturer’s Certificate;
5. Shipped / Clean on Board Bill of Lading/Airways Bill/ road waybill,
6. Certificate of Insurance
7. Import duty Payment receipt with SGD No. stated thereon
8. Bill history/bill of exchange
9. Tally Sheet/Gate Pass
10. Packing List

It should be noted that these documentation requirements for imports under Destination Inspection Scheme are part of the provisions of the Foreign Exchange Manual. Consequently, the relevant provisions on imports as they relate to the Comprehensive Import Supervision Scheme (CISS) are hereby amended by the provisions of this circular.

Friday, October 22, 2010

nigeria import and export information: How to start a business with Nigeria Imports!

nigeria import and export information: How to start a business with Nigeria Imports!: "Are you looking for extra income? Do you really to start your business in and don't no how to go about it? Do you need 24 hours guideline w..."

How to start a business with Nigeria Imports!

Are you looking for extra income?
Do you really to start your business in and don't no how to go about it?
Do you need 24 hours guideline with recommended and trusted experts?

See the Starter Kit. The fastest and easiest way to get your business growing.

If you answered yes to any of above questions I would love the chance to work with you. You couldn't be in a better place than you are right now. Nigeria Imports has spent years searching out and bringing you a giant selection of African products from all parts of Africa. Africa Imports now offers you the opportunity to access the largest source of African products in the US. The quality is guaranteed; the selection is beyond comparison, and the prices are lower than anywhere else (often less than your cost would be in Africa).
#1 - It's easy Africa Imports has tested literally thousands of different product ideas from across Africa. You will know what your customers are most likely to want. Africa Imports maintains a giant selection of African products on hand at all times. All orders are filled within one business day, so you can order what you need today, and get it tomorrow. You can give customers more selection, and you can get their order when they want it. Africa Imports also gives you more promotional material than you could ever duplicate on your own. You can give your customers large, professional quality catalogs filled with ideas that you can't find anywhere else. You have access to a giant source of information about African art and culture in general; and individual products as well. We've done most of the work for you, so you can avoid many of the problems that other new businesses fail over.

Here are some Sectors you may like to take look when you are ready to start your business in Nigeria.

Thursday, October 21, 2010

www.mybiznes247.Blogspot.com - Blogspot

Thursday, October 14, 2010

cellphones

Monday, October 4, 2010

Daily Diet News

Daily Diet News

http://gan.doubleclick.net/gan_click?lid=41000000012871747&pid=9781428822344&adurl=http%3A%2F%2Fsearch.barnesandnoble.com%2FOutlines-Highlights-For-The-Search-For-Modern-China-By-Cheng-Isbn%2FCram101-Textbook-Reviews%2Fe%2F9781428822344&usg=AFHzDLs8ZV_N9r0a5PYUi8RtxR2J9yEYDA&pubid=21000000000300742http://gan.doubleclick.net/gan_click?lid=41000000032593404&pubid=21000000000300742http://gan.doubleclick.net/gan_impression?lid=41000000032593399&pubid=21000000000300742http://gan.doubleclick.net/gan_click?lid=41000000032593399&pubid=21000000000300742http://gan.doubleclick.net/gan_click?lid=41000000032593406&pubid=21000000000300742http://gan.doubleclick.net/gan_click?lid=41000000032497866&pubid=21000000000300742http://clickserve.cc-dt.com/link/click?lid=41000000032647973 var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-XXXXX-X']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })();/scriptp>

script type="text/javascript var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-18349333-1']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s);

Thursday, September 16, 2010

Join the conversation: Visit the AdSense forum - Inside AdSense

Join the conversation: Visit the AdSense forum - Inside AdSense

http://gan.doubleclick.net/gan_click?lid=41000000012871747&pid=9781428822344&adurl=http%3A%2F%2Fsearch.barnesandnoble.com%2FOutlines-Highlights-For-The-Search-For-Modern-China-By-Cheng-Isbn%2FCram101-Textbook-Reviews%2Fe%2F9781428822344&usg=AFHzDLs8ZV_N9r0a5PYUi8RtxR2J9yEYDA&pubid=21000000000300742http://gan.doubleclick.net/gan_click?lid=41000000032593404&pubid=21000000000300742http://gan.doubleclick.net/gan_impression?lid=41000000032593399&pubid=21000000000300742http://gan.doubleclick.net/gan_click?lid=41000000032593399&pubid=21000000000300742http://gan.doubleclick.net/gan_click?lid=41000000032593406&pubid=21000000000300742http://gan.doubleclick.net/gan_click?lid=41000000032497866&pubid=21000000000300742http://clickserve.cc-dt.com/link/click?lid=41000000032647973 var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-XXXXX-X']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })();/scriptp>

Monday, September 6, 2010

Import Procedures

1. Each completed Form ‘M’ shall be submitted to an Authorized Dealer bank with the following detailed information, in addition to A.1 (5) above:
1. Detailed description of the goods, including commercial name for each item, make, whether new, used or refurbished, and the standards adopted.
2. Quantities and/or their measurements
3. Unit Cost of goods
4. Total cost of goods
5. Freight cost
6. Mode of transportation (i.e. by Air/Sea/road)
7. Details of shipment; whether Full Container Load(FCL),Low Container Load (LCL),Bulk, Loose, etc
8. Other charges reflected on the Form ‘M’ (if any)
9. Country of Origin
10. Country of supply;
11. Pro forma Invoice with details of physical address and telephone and/or fax number of the supplier and e-mail (where available).
12. Other documents such as certificate of registration with NAFDAC, SONCAP Pharmaceutical Board of Nigeria, etc. and any additional documents that might be prescribed by relevant government agency.

2. All the copies of Form ‘M’ shall be legible, duly marked “Valid” or “Not Valid” for foreign exchange as the case may be; otherwise the application shall be rejected

3. Upon receipt of duly completed and signed copies of the Forms ‘M’ from the importer, the Authorized dealer bank shall:
1. ensure that the Form ‘M’ is duly completed with detailed description of goods clearly stated;
2. ensure that the entire relevant documents that are to accompany the completed Form ‘M, are actually provided. It should be stated that the Authorized Dealer bank is expected to carry out proper Know – Your – Customer (K-Y-C) and be satisfied that all the relevant documents forwarded are genuine
3. after (a) and (b) above, the bank shall make necessary endorsements on the Form ‘M’, retain the original copy and thereafter forward the remaining three copies to the relevant Scanning and Risk Service provider, who will distribute to the appropriate Customs Offices when satisfied with the submission.

SUBMISSION OF FORM M.

1. Duly completed and approved Form M should be submitted to the Office of the respective Scanning and Risk Service Provider in Lagos not later than five working days after the date of approval
2. Authorized Dealers are requested to confirm acceptance or rejection of the Form M before proceeding on further action on the transaction

Copyright ©Webb Fontaine Last update Jun 21 2010
News | Site Map | Site Index | Vacancies
Contact site administrator

Wednesday, September 1, 2010

Monday, August 2, 2010

Find Your Love

Tuesday, July 6, 2010

nigeria import and export information: Guideline For Export & Import Business In Nigeria

nigeria import and export information: Guideline For Export & Import Business In Nigeria: "a"

Guideline For Export & Import Business In Nigeria

1. Any person intending to import physical goods into Nigeria shall in the first instance process Form "M" through any Authorized dealer bank irrespective of the value and whether or not payment is involved;

2. The Form "M" shall have a validity period of six months for all imports except Plants and Machinery which shall have a validity period of one year. Requests for subsequent revalidation thereafter should be directed to the Director of Trade and Exchange Department at the Central Bank of Nigeria.

3. Supporting documents shall be clearly marked "Valid For Forex/Not Valid for Forex" as appropriate i.e. depending on whether or not foreign exchange remittance would be involved.

4. All applications for goods subject to Destination Inspection shall carry the " BA" code, while those exempted shall include "CB" in the prefix of the numbering system of the Form "M". Payments for goods exempted from Destination Inspection under the Scheme, would not be carried out in the Foreign Exchange Market, without a prior approval from the Central Bank of Nigeria. The list of goods exempted from Destination Inspection shall be as approved by the Honourable Minister of Finance and the approval shall be a pre-condition for the completion of Form M exempted from Destination Inspection.

5. The Form ‘M’ and the relevant pro-forma invoice ( which shall have a validity period of three months) shall carry a proper description of the goods to be imported to facilitate price verification viz;
1. Generic product name, i.e. product type, category
2. Mark or brand name of the product where applicable
3. Model name and or model or reference number. where applicable
4. Description of the quality, grade, specification, capacity, size, performance etc.
5. Quantity and packaging and/or packing

6. Form ‘M’ shall be valid for importation only after acceptance by the relevant Scanning /Risk Management Provider. Consequently, Authorized Dealers are to confirm acceptance of the Form M before proceeding with other import processes.

7. Documents in respect of each import transaction shall carry the name of the product, country of origin, specifications, date of manufacture, batch or lot number, Standards to which the goods have been produced (e.g. NIS, British Standards – PD. ISO, IES, DIN, etc).

8. All goods to be imported into the country shall be labeled in ENGLISH in addition to any other language of transaction; otherwise the goods shall be confiscated.

9. Where import items such as food, drinks, cosmetics, drugs, medical devices, chemicals, etc. are regulated for health or environmental reasons, they shall carry EXPIRY dates or the shelf life and specify the active ingredients, where applicable.

10. Electrical appliances (fluorescent lamps, electric bulbs, electric irons and ties, etc) shall carry information on life performance while cables shall carry information on the ratings.

11. All electronic equipment and instruments shall carry:
1. Instruction Manual;
2. Safety information and/or safety signs;
3. A guarantee/warranty of at least six months.

12. All computer hardware, software, operating and embedded system shall continue to be Year 2000 compliant

13. Any wrong or fraudulent misrepresentation of facts will result in delays and/or impoundment/seizures.

14. Importation of Blank products and/or without valid Form ‘M’ shall automatically qualify for seizure and destruction without warning, and subject to prosecution.

15. All imports into the country shall be accompanied by the following documents:
1. Combined Certificate of Value and Origin (CCVO), and contain the following details in addition to those on the pro-forma invoice:
1. Form "M" no.
2. Adequate description of goods
3. Port of destination (the actual port shall be specified e.g. Tin Can, Apapa, Kano, Onne, etc.)
4. Shipment identification, date of shipment, Country of Origin, Country of supply
2. Packing list
3. Shipped/ Clean on Board Bill of Lading/Airway bill/Way bill/Road Way bill
4. Manufacturer’s Certificate of production which shall state standards and where it is not applicable, the Phytosanitary Certificate or Chemical Analysis Report should be made available.
5. Laboratory test certificates for chemicals, foods, beverages, pharmaceuticals, electrical appliances and other regulated products, where applicable.

16. The following procedure shall be adopted for payments for:
1. Letters of credit transactions: where the transactions involve issuance of Certificate of Capital Importation (CCI) and or supplier’s credit, all negotiating documents and or shipping documents (as may be applicable), must be routed from the Beneficiary/Supplier through his/her bank to the correspondence bank of the issuing bank and thereafter to the issuing bank. For the avoidance of doubt, on no account must banks endorse or pay on documents which do not comply with the routing outlined Above.
2. For Bills for Collection transactions and Unconfirmed Letters of Credit, documents must come to the issuing bank either directly from the supplier’s bank or through the offshore correspondent of the issuing bank.
3. For Not Valid for foreign exchange transactions (which do not require foreign exchange transfer), the supplier should forward the documents directly to the bank that opened the Form “M”. In addition, applicable returns on non-submission of shipping documents after 90 days in respect of such transactions must henceforth be rendered.
4. In the case of personal effects, the relevant documents should be forwarded to the appropriate Service Provider. However, where dutiable goods are found to be in excess of the approved passenger concession, they shall be liable to the clearance procedure applicable to commercial goods and accordingly all import documentation requirements must be complied with, failing which they shall be liable to seizure.

17. For transactions with Post Landing charges, a retention fee of 5 – 15% of the project cost as agreed between the importer and the overseas supplier shall be indicated on both the Contract Agreement and the Pro-forma invoice which shall form part of the supporting documents for the registration of relevant Form M. In addition,
1. the stated fee shall not be remitted until a satisfactory evaluation of the project has been undertaken by the Industrial Inspectorate Department of the Federal Ministry of Industry
2. The Scanning Company shall forward to the Federal Ministry of Industry (Industrial Inspectorate Department) and the Central Bank of Nigeria , Trade and Exchange Department copies of the Contract Agreement and Pro-forma invoice of such projects for monitoring purposes.
3. During Destination Inspection, the Nigeria Customs Service shall take cognizance of the value of shipment and Post Landing charges as would have been indicated on the Risk Assessment Report (RAR)
4. The Industrial Inspectorate Department, Federal Ministry of Industry shall thereafter carry out an evaluation of the project and advise the Central Bank of Nigeria accordingly
5. On receipt of the report of the evaluation from the Federal Ministry of Industry (Industrial Inspectorate Department), the Central Bank of Nigeria shall advise the respective scanning company on the issuance of the RAR in respect of the retained value and the Authorized Dealer advised to remit same to the beneficiary.

Copyright ©Webb Fontaine Last update Jun 21 2010
News | Site Map | Site Index | Vacancies

Saturday, May 8, 2010

Now You Want To Import Your Goods and Products To Nigeria?

All You need is to know the Nigeria Customs Requirement for every goods imported to Nigeria. Detail of these are listed bellow;

FOREIGNER SHIPMENTS

Original Valid International Passport
Original Resident Permit Or Business Permit
Original Bill of Lading ( Detail of your shipments)
Original Packing-list in English
Detailed and Value inventory list in English
Certificate of transfer from the Company
Certificate of fumigation if the cargo contains wooden crates
Original invoice or certificate of value for the vehicle if there is.

Now with all these documents, you are almost getting it to relocate to Nigeria and start your business.

DIPLOMATIC SHIPMENTS

These includes Above listed plus

Form CC1 from Nigeria ministry of foreign Affairs and Customs Headquarters

And CC3 if contains vehicles

The embassy will write latter to Customs Head, ND LEA, and SSS, Mid Maritime services and more.

we get you link to more stories on this later on.........

Saturday, May 1, 2010

You Deserve The Best

Moving Internationally means adapting to a new country new customs and new way of life.
You want to establish new anchors, new comfort zone, or new business. like importing your goods to or from Nigeria and other African Countries? Then;
Get Every Information On this Blogs and soon on Site.
This Includes:

What it takes to Import and export your goods
What kinds of goods you can Import or Export
The Documents Required to start Such Moves.
Do you want to Relocate to Nigeria or other African Countries

What are your fears it's EASY all you needs is to Stay connect to this blogs and bit by bit you how fast relay able it is.

Kindle Wireless Reading Device (6" Display, Global Wireless, Latest Generation)