The Federal Government, through the Presidential Enabling Business Environment Council (PEBEC), has approved the reduction of documentation procedures of imports and exports in Nigerian ports.
The whole idea is to make business more convenient for processing of both exports and imports.
Now, here’s what you need to know about this positive move by the Federal Government:
1. Documentation of imports had reduced from 14 to eight stages, while export documentation had reduced from 10 to seven.
2. Cargo Release Order, Manufacturers’ Certificate of Production, Payment Receipt of Customs Fee; among others, have been removed from documentation.
3. The new imports and exports procedures include: palletising all containerised consignments coming into Nigeria for easy clearance.
4. Used spare parts must be packed in cases and the cases would be packed in pallets.
5. The packing list of the containers must be itemised as the goods are arranged in the containers.
6. Vehicles imports should have the complete 17 digits Vehicle Identification Number (VIN) inscribed on the Bill of Lading. All form `M’ goods should have the Form `M’ number stated on the Bill of Lading.
7. All diplomatic goods should be indicated on the Bill of Lading.
Trading across borders involves a lot, and we are glad the government is clearing the bottlenecks to improve business for entrepreneurs.