How can I import goods into Nigeria?

How much is import license in Nigeria?

An application fee of N75, 000 (Seventy-Five Thousand Naira) A processing fee of N210,00 (Two Hundred and Ten Thousand Naira) All the online submitted documents will be verified and if acceptable then a permit will be issued.

How do I get an import license in Nigeria?

HOW TO OBTAIN IMPORT LICENSE IN NIGERIA

  1. A company duly registered with the Corporate Affairs Commission with a Certificate of Incorporation to evidence this.
  2. Obtain Tax Identification Number (TIN Number) from the Federal Inland Revenue Service (FIRS) for proof of tax payment with valid email address tagged to it.

6.07.2019

What are the documents required for importation of goods?

Import documents required for shipments to the Philippines include:

  • Commercial Invoice/Pro-forma invoice;
  • Bill of Lading (for sea freight) or air waybill (for air freight);
  • Certificate of Origin (if requested);
  • Packing list;

18.07.2019

How do I become an importer and exporter in Nigeria?

Requirements For Starting And Import/Export Business In Nigeria

  1. Register The Business.
  2. Register With The Nigerian Export Promotion Council (NEPC)
  3. Register With Customs By Completing The Form NXP.
  4. Obtain Special Licences And Permits For The Goods You’re Dealing In.
  5. Verify Your Products Are Not On The Prohibited Goods List.
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14.08.2017

Why import license is required?

Import Licenses (if applicable)

All import documents (ex-factory invoice, freight, insurance certificates, etc.) must be accompanied by any import licenses. This will enable the customs to clear the documents and allow the import without delay.

How can I get export license in Nigeria?

The Business or individuals who wish to export from Nigeria is required to register with the Nigerian Export Promotion Council (NEPC). An exporter is required to complete and register Form NXP with an Authorized Dealer i.e., any Bank of his choice, in Nigeria.

What are the steps of importing?

Below, we outline the steps involved in importing of goods.

  1. Obtain IEC. …
  2. Ensure legal compliance under different trade laws. …
  3. Procure import licenses. …
  4. File Bill of Entry and other documents to complete customs clearing formalities. …
  5. Determine import duty rate for clearance of goods.

28.08.2019

How do I make an import payment?

Methods of Payments in Import.

  1. Introduction.
  2. Consignment Purchase.
  3. Cash-in-Advance (Pre-Payment)
  4. Down Payment.
  5. Open Account.
  6. Documentary Collections.
  7. Letter of Credit.

What is the procedure of customs clearance?

Custom clearance procedure works include formation and submission of documentation needed to help export procedure or imports into the country, describing the client while customs examination, evaluation, payment of duty and taking delivery of cargo from customs after clearance with documents.

How do I get an import license?

To enlist as an importer, organizations need an Import Clearance Certificate from the Bureau of Internal Revenue. Importers then enroll with the Bureau of Customs (BOC) and set up an account with the Client Profile Registration System (CPRS).

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How do I export goods from Nigeria?

The Business or individuals who wish to export from Nigeria is required to register with the Nigerian Export Promotion Council (NEPC). An exporter is required to complete and register Form NXP with an Authorized Dealer i.e., any Bank of his choice, in Nigeria.

How much does import license cost?

Import Export License Fees / Cost to get IEC Code in India

As per the latest notification, IEC code Application fees is Rs 500/- which can be paid online through e-wallets/Net Banking/Credit or Debit Cards. Therefore the Government Fees or Official fees to get IEC Code in India is Rs. 500.

How profitable is importation business in Nigeria?

How Profitable is mini importation business in Nigeria? Yes, mini importation business is very much profitable in Nigeria. You can start with as low as 50k, but always have it in mind to go for goods in high demand, this way, you’ll definitely sell faster and make a huge profit.

Hai Afrika!