The Central Bank of Nigeria (CBN) has announced plans to commence operationalization of e-Valuator and e-Invoice to replace hard copy final invoice as
In a circular released by the apex bank yesterday, it said; “Effective February 1, 2022 all import and export operations will require the submission of an electronic invoice authenticated by the authorised dealer banks on the Nigeria single window portal – Trade Monitoring System .”
The new regulation is primarily aimed at achieving accurate value from import and export items in and out of Nigeria, according to the circular signed by CBN director, trade and exchange depart, Dr O.S. Nnaji addressed to all authorised dealers and the general public. The apex bank said the system would operate on a global price verification mechanism guided by a benchmark price. The benchmark price is the actual spot market price obtainable at the time of consummation of invoicing, in that market where the goods are traded.“Imports and exports with unit prices that are more than 2.
The new guidelines say products that are more than 2 5 per cent around the vertical price would be queried and will not be allowed successful completion of Form M or Form NXP as the case may be. Apart from that, an importer/exporter of goods into Nigeria shall ensure that the purchase/sale contract with a foreign supplier/buyer stipulates compliance with the obligations set out in this Regulation and that the Supplier’s/seller’s invoice must be submitted in electronic format and authenticated by Authorised Dealer Bank as part of the documentation for payment.
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
CBN implements e-invoice for imports, exports Feb 1 - Punch NewspapersThe most widely read newspaper in Nigeria
Прочитайте больше »
CBN begins e-invoice for importers, exporters Feb. 1The CBN said that the supplier’s/seller’s invoice must be submitted in electronic format and authenticated by authorised dealer bank as part of the documentation for payment.
Прочитайте больше »
CBN implements e-invoice for importers, exporters Feb 1 - Punch NewspapersThe most widely read newspaper in Nigeria
Прочитайте больше »
AFCON 2021: You will continue to be rewarded - CBN Gov, Emefiele to Super EaglesThe Central Bank Governor, Godwin Emefiele, has assured the Super Eagles of the Federal Government's support in the team's quest for a fourth Africa Cup
Прочитайте больше »
CBN implements e-invoice for imports, exports Feb 1 - Punch NewspapersThe most widely read newspaper in Nigeria
Прочитайте больше »