3. Validity for EEG Application
Qualifying export transaction must have the proceeds fully repatriated within 180 days, calculated from the date of export and as approved by the EEG Implementation Committee
4. Documentation
All applications for Export Expansion Grant EEG to NEPC must be completed in duplicate with the following documents attached:
a) Import documents (if the raw materials are imported)
- CRI
- Bill of Lading
- SGD
- ASYCUDA Print Out
- Final Commercial Invoice
- Receipt of Payment of import duty and other charges.
b) Export Documents
- NEPC non-oil Export Certificate
- Clean Certificate of Inspection (CCI) to include quality certification;
- Forms NXP duly certified by processing bank; Nigeria Customs Service and the Pre-shipment Inspection Agents;
- Single Goods Declaration (SGD) Forms, duly endorsed by Nigerian Customs Service, both at front and back;
- Final Commercial Invoice;
- Bill of Lading;
- Evidence of full repatriation of export proceed (CBN confirmation of repatriation of proceeds by exporter);
- Certificate of Manufacturer;
- Any other documentation as may be required by NEPC from time to time.
5. Negotiable Duty Credit Certificate (NDCC)
The NDCC shall be used for the payment of import & excise duties only.
6. Company Visits
Company visits shall be incorporated into a programme for validation of information submitted by the exporters and impact assessment of the scheme. The programme will include a first visit to validate financial as well as operational information at least once a year and as may be required. Impact assessment of the scheme on the
Nigerian economy shall be carried out annually by external consultants, as may be determined by the Hon. Minister of Finance.
7. Implementation Committee
The Implementation Committee will consist of:
- Nigerian Export Promotion Council (NEPC)
- Federal Ministry of Finance (FMF)
- Nigeria Customs Service (NCS)
- Central Bank of Nigeria (CBN)
- Federal Ministry of Commerce
- Federal Ministry of Industry
- Special Adviser to the President
(Manufacturing and Private Sector)
The implementation Committee shall meet monthly to consider processed applications and make recommendations to the Hon. Minister of Finance for approval, and subsequent issuance of NDCC by NEPC.
8. Inter-Ministerial Committee
There shall be an inter-ministerial Committee to review the activities of the EEG Scheme. The Committee shall meet twice a year. Membership includes all members of the Implementation Committee and representatives of the Ministry of Agriculture, Trade Malpractices Committee and Economic and Financial Crime Commission (EFCC).
9. Administration of EEG
The EEG Scheme shall be domiciled in NEPC and administered in conjunction with the Implementation Committee. The list of applicants to whom NDCC have been issued shall be forwarded to the Federal Ministries of Finance and Commerce monthly.
10. Outstanding Claims
All outstanding claims in respect of transactions between the suspension of the scheme and its subsequent lifting will be processed under the old EEG Scheme Rate (i.e. exports made with Bill of lading dated on or before 31st December, 2004)
11. Violation of Guidelines
Any violation of these guidelines by any claimants shall be handled by the Presidential Committee on Trade Malpractices and Economic and Financial Crimes Commission in conjunction with members of the Implementation Committee.
NOTE:
- EXPORT CERTIFICATE is required on each consignment for all categories of export whether or not an exporter is eligible for the Export Expansion Grant. The certificate is obtainable from NEPC offices throughout the Federation. FREE OF CHARGE (upon the submission of the pre-shipment documents.
- DOUBLE DIPPING into government industrial incentives will not be allowed. (i.e. beneficiaries of EEG are prohibited from enjoying other industrial incentives e.g. Manufacturers Export In-bond Scheme).
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