Regulatory Alerts2004-10-12 | TED-AD-118-2004The Pre-shipment Inspection of Non-Oil Exports in Nigeria
The above information provides a detailed overview of the Nigerian Export Supervision Scheme (NESS) including its purpose, responsibilities of key stakeholders, inspection procedures, and legal penalties for non-compliance. It is essential for exporters and other stakeholders in Nigeria's export ecosystem to familiarize themselves with this information to ensure a smooth and compliant export process. Here are some key takeaways from the document: 1. The purpose of NESS is to protect Nigerian revenues by monitoring the accurate reporting of export transactions, prevent smuggling and encourage the development of a competitive domestic market. 2. Designated banks play a crucial role in collecting and remitting export proceeds according to the NESS guidelines. They are also responsible for issuing the NXP number, which serves as a unique identifier for each transaction. 3. The Pre-Shipment Inspection Agent is responsible for assessing the quality, quantity, and price competitiveness of goods intended for export. They issue Clean Certificates of Inspection (CCI) or Non-Negotiable Certificates of Inspection (NNCI), depending on whether the goods meet the required standards. 4. The Nigeria Customs Service and other relevant government agencies are responsible for inspecting the goods alongside the Pre-Shipment Inspection Agent to ensure they comply with international market standards, packaging, and prices. 5. Penalties for non-compliance with NESS regulations include fines and imprisonment for individuals or corporations found guilty of offences such as exporting goods without a CCI or incorrectly declaring the value of exports. In summary, the Nigerian Export Supervision Scheme (NESS) serves to protect Nigeria's revenues by monitoring and enforcing compliance with export regulations. Stakeholders in Nigeria's export ecosystem must familiarize themselves with the scheme's guidelines, responsibilities, inspection procedures, and penalties for non-compliance to ensure a smooth and compliant export process.