What is Form M number?

Form M is a mandatory statutory document to be completed by all importers for importation of goods into Nigeria. This is currently initiated electronically on Trade Portal provided by the Central Bank of Nigeria in conjunction with the Nigeria Customs Service.

How do I get a Form M number?

Registration of a Taxpayer Identification Number (TIN) at the Federal Inland Revenue Service (FIRS) offices. TIN validation by the importer at the FIRS offices. Logging into the FIRS portal to register as importer. The Bank/customer has logged into https://app.trade.gov.ng/formx to initiate the e-Form M.

What is Form M and BA number?

Forms M/ BA Numbers are generated after Form M has been submitted to the Nigerian Customs for Approval via the SINGLE WINDOW FOR TRADE Platform. Importer sends the Form M and BA NUMBER to the beneficiary abroad to Inspect able items of Import.

How long does it take to process Form M in Nigeria?

The completed Form M is submitted to the Nigeria Customs Service (NCS) for approval. 3. Upon receipt of the Form M with the necessary attached pre-import documents as detailed above the NCS will review the application and either accept or reject it within one working day.

Is Form M required for Form Q?

Yes. All wire transfers (Domiciliary Transfers & Form Q) for purchase of goods will be supported by Form Ms. The form M must be Valid for forex since FX is sourced officially.

What is the validity period of Form M?

180 days
The initial validity period of an approved e-Form “M” for general merchandise shall be 180 days, which may be extended for 180 more days by the Authorized Dealer Bank.

What is a Form M number for Nigeria?

An E-Form M is a mandatory documentation process put in place by the Federal Government of Nigeria through the Federal Ministry of Finance (FMF) and the Central Bank of Nigeria (CBN), to monitor goods that are imported into the country as well as enable collection of import duties where applicable.

How can I get CBN Form M?

The Form ‘M’ is electronic and can be accessed online via a portal called the Single Window for Trade. Users (Importers, Banks, CBN, NCS & FIRS) of the portal require unique log-on access for their respective profiles to enable submission and processing of the form ‘M’ applications.

How do I get form Q?

The Form Q can be obtained from authorized dealers such as commercial banks and any other financial institution approved to sell FX. SME’s looking to access FX from this window must have an account in the bank which must have been in operation for at least 6 months.

Who approves Form M?

The list of goods exempted from Destination Inspection shall be as approved by the Honourable Minister of Finance. The e-Form ‘M’ and the relevant pro-forma invoice (which shall have a validity period of three months) shall carry a proper description of goods to be imported to facilitate price verification viz; i.

Can Form M be amended?

Is it possible to amend Form M after registration? Yes, it is. Changes in some fields like country of origin/supply, port of discharge can be accommodated after Form M acceptance.