FORM M PROCESSING IN NIGERIA

 

It is therefore mandatory for all importers to complete and register Form 'M' with Authorized Dealers at the time of placing orders whether the transaction is valid for foreign exchange or not.

WHAT IS FORM M?

Form m is a mandatory statutory documents to be completed by all importers shipping into Nigeria 

Here we are going to guide you through the process of opening Form M,

In obtaining form M, the following procedures are to be followed:

ü  Submit your Form application online to an Authorized Dealer Bank or through trade.gov.ng along with the following attached documents:

 

A consignee needs to get some things set and ready to make sure that their e-Form ‘M’ application is successful.

§  Good internet access                                                                                  

§  Your login details into the Nigerian Single Window for Trade portal: 

§  Username is your TIN

§  You need to create a new password.

§  Certificate of Incorporation (CAC) of the company

§  Proforma Invoice

§  Insurance certificate

§  Import Permit:

§  SON Product Certificate (for new items)

§  NAFDAC certificate for all edibles, chemicals, and Pharmaceuticals

§  End User Certificate for explosives, fireworks, fertilizers, arms, and ammunition, treated vehicles, private security gadgets, etc.

§  Ministry of Agriculture, Department of Fisheries permit for the importation of fish

§  Pharmaceutical Certificate and Certificate of Retention of premises for the importation of medicinal drugs.

 §  NESREA for used items

§  Department of Petroleum Resources (DPR) Permit for petroleum oil products

§  PHCN permit for Generating Sets

 

 Upon receipt of the form with the necessary attached pre-import documents as detailed above, the NCS will review the application and either accept or reject it within one working day.

 

1.If accepted, the NCS approves the request of the importer to import the goods

 

2.If rejected, the NCS communicates the reason(s) for rejection and the documents will be automatically returned for rectification.

 

When the Form is approved or accepted by the NCS, the importer informs his exporter to begin shipment preparation for products regulated by SON. This includes inspection, testing, and certification in order to get a SONCAP Certificate (SC) required for the Customs clearance of goods at any Nigerian Port