Document background
The Commercial Invoice For Import is a fundamental document required for all commercial imports into Nigeria, governed by the Nigerian Customs and Excise Management Act and related trade regulations. It serves multiple purposes: as a customs declaration document, proof of transaction value, and basis for duty assessment. The document is mandatory for foreign exchange transactions through Nigerian banks and must include specific information required by Nigerian customs authorities, including detailed product descriptions, HS codes, and value declarations. It forms part of the essential documentation required for import clearance and needs to comply with both Nigerian import regulations and international trade practices. The document is particularly crucial for foreign exchange transactions and must align with Central Bank of Nigeria requirements for import documentation.
