Get Incentives from Manufacturers in Bond Scheme (NCS) in Nigeria By Yourself
- The applicant must visit the Nigerian Customs Service office to receive Incentives from Manufacturers in Bond Scheme. You can find the address and contact details at this link: Contact
- To apply for Incentives from Manufacturers in Bond Scheme, visit the office.
- Completing the application form includes all relevant information. Once completed, sign it.
- After you have completed the application form, attach all documents required by this section.
- Submit it in person to any relevant office. As directed by the officials, make the required payment.
- After the submission of your application, you will receive it along with any other documents for verification and examination.
- After the validation and verification processes have been completed, the application is approved. The officials will then proceed with the necessary steps.
Documents Required For Get Incentives
- NCS Approval, including the Import Requirement Certificate IRC
- Single Good Declaration Form SGD Form C.2010
- Clean Report of Inspection (CRI), form ‘M’
Find Office Locations and Contacts
Address:Nigeria Customs Service Headquarters
Abidjan Street,Wuse
P.M.B. 26, Zone 3
Abuja – FCT Nigeria
Tel: 09 5234694.
Fax: 09 5234694.
Link to Contact: Contact
Federal Ministry Of Finance Headquarters
816 Ahmadu Bello Way,
Central Business Dist.
Abuja,
Nigeria
Website: website
What are all the Eligibility
- Only export manufacturers are eligible for the Manufacturer-In-Bond Scheme. The Federal Ministry of Finance will accept applications from interested manufacturers using the prescribed forms.
- The Nigerian Customs Service must approve factory premises for specific purposes.
Fees
- The Nigerian Customs Service decides what an acceptable guarantee bond is. It must cover not less than 110 percent of the customs duties payable for each consignment
Validity
- The Bond shall become effective on the date it was issued by the Bank. It shall be cancelled when all conditions are met.
If the Bond’s life has expired, the manufacturer should contact the Nigeria Customs Service via the approved guarantor to request an extension of the Bond. The Bond extension must not exceed three months.
Instructions
The Nigeria Customs Service must approve the factory premises for the purpose of the scheme. Two months are required to obtain the approval, including the Import Requirement Certificate, and then transmit it to the Nigeria Customs Service for its implementation.
You will need the document
- This scheme encourages manufacturers to import duty-free raw material inputs, intermediate products, and other products, regardless of whether they are prohibited or allowed for export. It is backed by a Bond issued either by a recognized Commercial Bank or Merchant Bank, Insurance Company, or Nigerian Export Import (NEXIM), Bank. After evidence of exportation or repatriation of foreign proceeds has been provided, the bond will be released.
Information that might be of assistance
MIBS is based on the calendar year’s importation. The scheme is not applicable to prohibited items. It operates on an import-by-import basis.
External Links
- More Information for more information on the scheme