The Central Bank of Nigeria (CBN) on the 15th of February,2023, released a notice on the deployment of the PIA portal to not only Pre-Shipment Inspection Agents (PIAs), but Monitoring and Evaluation agents (MEAs) , Authorized dealers, The Nigerian Customs Service (NCS), exporters and the general public. This article will be focused on the provisions of this notice which are as follows :-
– All PCIs/CCIs shall be electronically generated in the Stakeholder Verification Portal (SVP) from March 1,2023.
– All authorized dealers are required to ensure that :-
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a). The processing of PCIs/CCIs by PIAs will be carried out on the SVP.
b). Exporters complete the Request For Information (RFI) form in accordance with the provisions of extant regulations via a link generated and sent via email by the SVP.
c). Exporters are to pay the NESS levy advised by PIAs on the PCIs/CCIs documents.
d). All e-NXPs established from March 1, 2023 are to be accompanied by electronic PCIs/CCIs.
e). All NXPs opened before March 1,2023 for which shipment has not taken place nor CCIs issued would also follow the new process.
f). All authorized dealer banks are enjoined to inform their customers on the provisions of the deployment directions for compliance.
