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Wednesday,
October 30, 2019 /10:05AM / By CBN / Header Image
Credit: Trade.gov.ng
This is to inform all Authorised
Dealers, Nigeria Customs Service (NCS), Pre-shipment Inspection Agents and the
General Public of the deployment of e-Form 'NXP'.
Accordingly, the e-Form 'NXP' shall
replace the hard copy Form 'NXP' for commercial exports (Oil & Gas and
Non-Oil), with effect from October 31, 2019.
Consequently, all Authorised
Dealers are required to ensure as follows:
1. That the processing of Form 'NXP' shall only be done electronically on the Trade Monitoring System
accessible at www.tradesystem.gov.ng
2. Banks' export customers are
required to obtain a valid Tax Identification Number (TIN) from Federal Inland
Revenue Service (FIRS)/Joint Tax Board (JTB). The TIN is a prerequisite for
customers to access the Trade System for e-Form 'NXP' application.
3. The e-Form 'NXP' is web based
and allows the Exporters to initiatthe Form from their offices/homes and submit
same to the Authorised Dealer Bank.
4. A charge of 5,000.00 as fee per
declaration for e-Form 'NXP' is applicable with effect from October 31, 2019
and henceforth. There will be a direct debit of the processing bank's current
account for
each declaration which should be
recovered from the customer by the bank. However, the charge on the customer
for the e-Form 'NXP' should be separated from other bank charges.
5. All hard copy Forms 'NXP' established on or before October 30, 2019 (prior to the commencement of the
e-Form 'NXP') shall be utilizedwithin 90 days of the establishment of the Form.
6. For the avoidance of doubt, all
established hard copy Forms 'NXP' forwhich shipment has not taken place within
the transition period of 90days shall be deemed cancelled.
7. All Authorised Dealer banks are enjoined to inform their customers of this development for compliance.
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