Form M: 5 Simplest steps to Obtain Form M

INTRODUCTION

Shipping of goods, items or cargoes from any country to Nigeria is as sweet as honey when you have all the needed documents but the experience could be likely to hell in the absence of any necessary documents.
Form M is one of the major prerequisite to guarantee a safety transmission of your goods from any part of the world to Nigeria. The process is equally simple but no hiding what you don’t know is bigger than you.
Out of our undiluted concern, here present to you 5 STEPS TO OBTAINING FORM M.

CONTENTS

    CONCEPT OF FORM M
    THE REQUIREMENTS FOR FORM M
    THE 5 STEPS TO OBTAIN FORM M
    THE BENEFITS OF FORM M
    CONSEQUENCES OF NOT OBTAINING FORM M
    BEST PLACE TO SEEK FOR ASSITANCE TO PROCESS YOUR FORM M

THE CONCEPT OF FORM M

Form M is a mandated statutory document to be completed by anyone with an intention of importing goods, items, parcels, cargoes etc. into Nigeria. It is a legal document that gives you access to import foreign goods to Nigeria from any part of the world. Any further extension has to be approved by the Central Bank of Nigeria (CBN). Note that there is no hiding route, Form M is very crucial in the importation process of Nigerians.

THE REQUIREMENTS FOR FORM M

The following are the necessary documents for a successful process of your Form M;
    Certificate of Incorporation/Registration of the Company in Nigeria
    Registration with the Federal Inland Revenue Services (FIRS)
    Up-to-date Tax Payment and Tax Identification Number (TIN Number)
    Valid e-mail address tagged to the TIN number
    Choose an Authorized Dealer Bank

THE STEPS TO OBTAIN MY FORM M

Here are the steps to step processes to follow in processing your Form M;
1. Tender the E-Form M application to an Authorized Dealer Bank alongside the following:

•    Profoma invoice
•    Locally sourced insurance certificate
•    Regulatory certificates or permits. Some products are regulated by Standard Organization of Nigeria (SON), others like food and drugs are regulated by National Agency for Food and Drug Administration and Control (NAFDAC).

2. After the Form M is completed, it is then submitted to the Nigeria Customs Service (NCS) for approval or validation.

3. Nigeria Customs Service (NCS) would review the application for either acceptance or rejection within one working day. If accepted, the E Form M would be registered in the Single Window Trade system but if rejected, the reasons for rejection would be given by NCS and the documents would be returned for correction.

4. For the E Form M that got accepted by the NCS, the importer would then ask the exporter to begin shipment arrangements for shipping regulated items by SON. Inspection, testing and certification would be done to get a SONCAP Certificate (SON) which is required for the Customs clearance of goods at any Nigerian Port.

5. Once the SONCAP Certificate has been issued (where necessary), the goods can then be shipped to Nigeria.

In case you need further assistance as regards process and compliance, kindly contact us at customercare@valuehandlers.com. For questions, more information, and further inquiry, you can call us on 08032241768.

THE BENEFITS OF FORM M

Are you concern on how it is a gainful mandatory process to shipping? Here are some of the benefits of Form M.
    The very essence of Form M is to ensure perfect monitoring of prospective goods that comes in to the country, i.e. it enhances adequate surveillance of imported goods, items, and cargoes at arrival to Nigeria.
    It fosters the collection of import duties where applicable.
    Form M is vital to clearance of shipments.

CONSEQUENCES OF NOT OBTAINING FORM M

FORM M is a legal document mandated for shipping items, goods, parcels, cargoes etc. to Nigeria if defaulted, an importer would not be able to import their goods into Nigeria. If peradventure, it was sideline before shipping, the goods will be ceased by the Customers Officer on arrival to Nigeria as illegal items.

BEST PLACE TO SEEK FOR ASSISTANCE TO PROCESS YOUR FORM M

Where could I turn for assistance for the process of my Form M? If this is your question, I am glad to inform you that there is no other place than a capable and responsive freight forwarder. Valuehandlers International Limited is a freight forwarder with track records and numerous testimonies of perfect shipping experience.

Why not speak with our customer care representative on 08032241768 or visit our website: www.valuehandlers.com you can as well send a mail to info@valuehandlers.com. For questions, more information, and further inquiry.

About the Author: Adetayo George-Adewoye is a freight broker and logistics About the Writer: Adetayo George-Adewoye is a freight broker and logistics processional. Adetayo introduced pre-shipment consulting services into the shipping industry in 2012. He has offered high-level consulting services to the medical / pharmaceutical sector, oil and gas multinationals, agricultural sector, Mining, and construction industry, manufacturer, and procurement experts. Adetayo George-Adewoye is an award winner in the field of logistics, a member of the Lagos Chamber of commerce and industry, lions club international and freight net logistics network.