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How can i Start Importation (Goods). - Business - Nairaland

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How can i Start Importation (Goods). by davechika(m): 12:44pm On Aug 08, 2012
please NL,i need advice on how one can start importation of any goods mainly IT,Technology products or any fast selling commodities.lets say with #2m how far can a newbie into the system go and what are the things to watch out for.
advice and criticisms are welcomed.
Re: How can i Start Importation (Goods). by kinglu: 2:14pm On Aug 08, 2012
if u re serious i can give u a link based in canada.... contat me on 08050273411
Re: How can i Start Importation (Goods). by jobaskia(m): 2:34pm On Aug 08, 2012
TRY as much to study what you are importing into the country. First and foremost the HS. code is very important to guide you on what to bring into the country. The HSCODE is where the federal Govt gazzeted all what is to be imported into the country . for example raw materials that produces nylons and some other stuff starts from 3900.0000a and they are pegged as 5% duty payable + 5% VAT.

Goods imported into Nigeria will now be classified in five categories, these are:

Category 0: Attracts no tariff and is for essential products such as educational materials.

Category 1: Attracts a 5% tariff and is for primary raw materials.

Category 2: Attracts a 10% tariff and is for intermediate products such as completely knocked down (CKD) refrigerators and CKD televisions.

Category 3: Attracts a 20% tariff and is for finished goods that are not produced locally and which require no protection such as televisions, refrigerators and generators.

Category 4: Attracts a 35% tariff and is for finished goods that are produced locally.

There are equally IT Equipment that attracts 5% or 10% where applicable

If you need more information or clarification . You can call me +2348082915084,e-mail jobaskyventures009@gmail.com

if you need more consultation or to clarify you can call me on +2348082915084, or mail jobaskyventures009@gmail.com

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Re: How can i Start Importation (Goods). by davechika(m): 10:45pm On Aug 09, 2012
king lu: if u re serious i can give u a link based in canada.... contat me on 08050273411
yes i am,but still researching on what to import and the laws governing imports.i'll give a call but ur canada link,hwz importing from canada like,i mean costs and wat can one import from canada that will sell off quickly. thanks for your reply.

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