Baseline
Data
•
Exporters submit
Baseline Data which includes Audited financial statements and information on operational capacity
•
Baseline data is used
to determine the EEG rate for one year only
•
The rate so
determined is applied to EEG applications for that particular year
•
EEG applications are
submitted after baseline data
Documentation
•
All applications for
EEG are completed in duplicate with the following documents:
Import documents: ( If raw materials are imported)
•
CRI- (clean report of inspection)
•
Bill of Lading
•
SGD- ( Single Goods Declaration)
•
Asycuda printout
•
Final commercial invoice
•
Receipt of payment of
import duty and other charges
Export documents:
•
NEPC non-oil data
form
•
Clean Certificate of
Inspection (CCI)
•
Forms NXP duly
certified by NCS, pre-shipment inspection agents and processing bank
•
Single Goods
Declaration (SGD) forms, duly endorsed by Nigeria Customs Service
•
Final commercial
invoice
•
Bill of Lading
•
Certificate of
Manufacture ( for Merchant exporters only)
•
Any other
documentation as may be required by NEPC from time to time
Processing EEG
Applications
•
NEPC forwards NXPs to
CBN for confirmation of export proceeds
•
Applications are
passed to the Processing Room for data capturing
•
CBN returns both
confirmed and unconfirmed NXPs to NEPC
•
Confirmed NXPs are
processed further
•
Unconfirmed NXPs are
re-submitted to CBN ( after a while) for confirmation
•
CBN will not confirm
an NXP until it receives the copy from Nigeria Customs Service
•
PwC compiles value
report for EEG meeting
•
EEG Implementation
Committee meets to consider the value report
•
NEPC forwards the
minutes of meeting and approved value report on claims to FMF for final
approval and authorization to issue NDCCs
•
FMF approves the
issuance of NDCCs
•
NEPC writes the NDCCs
and signs its column before sending them to FMF for counter signature
•
FMF countersigns and
returns certificates to NEPC
•
NDCCs are released to
beneficiaries by NEPC
The Redesigned EEG -
Features
•
Based on the
objectives of NEEDS
•
Introduction of
baseline data and weighted eligibility criteria
•
Rates are now mainly
company – specific and not wholly product – based as in the old guidelines
•
Double – Dipping is
not allowed (An exporter must choose one among existing export incentives, e.g. EEG or MEIBS and not both)
•
The organized private
sector and other stakeholders were fully involved in the designing of the final templates
•
Companies can even
compute their EEG rates from their baseline data.
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