In pursuit of the Government decision to seamlessly transfer the Destination Inspection Scheme for import from Scanning Service Providers (SSPs)to the Nigeria Customs Service (NCS) with effect from 1st December 2013, the following guidelines, procedures and documentation requirements shall apply in respect of import transactions with effect from that date.

A. GUIDELINES:

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

2. The initial validity period of an approved e-Form ‘M’ for general merchandise shall be 180 days, which may be extended for 180 days by the Authorized Dealer. For capital goods, the initial validity of an approved e-Form ‘M’ shall be 365 days subject to a maximum extension of another 365 days. However, any subsequent request for subsequent revalidation of e-Form ‘M’ shall be forwarded to the Director, Trade and Exchange Department, Central Bank of Nigeria, for consideration.

3. Supporting documents shall be clearly marked “VALID FOR FOREX” or “NOT VALID FOR FOREX” as appropriate i.e. 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 e-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 e-Form ‘M’ exempted from Destination Inspection.


Link http://www.wealthresult.com/2013/12/nigeria-import-guidelines.html

pls house confirm if these is true.