+234 9062 485 444 | +234 9062 485 454

Industrial Inspectorate Department

ACCEPTANCE CERTIFICATES (For Capital Allowance/Tax Rebates)
REQUIREMENTS/CONDITIONS
Request for the services by completion of the requisite claim forms, (The Returns).
Supported by the accompanying documents justifying the claims as indicated as footnotes at the base of the forms.
PROCESSES TIMELINES FEES
Receipt of the returns or claims 5 working days No Charges
Review of the submissions (i.e. In-house investigation or pre-inspection review of the returns) & recommendations
Physical identification and inspection of the assets Logistics being provided by the Company,No Charges
Technical report writing of the physical inspection findings and recommendations 10 working days
Engineering costing/valuation of the assets and recommendations, approval by the Director (IID) and conveyance of the approved; figures/values to the Company 6 working days
Acceptance of the approved value by the company At company’s domain
Certification after Acceptance of the approved valued by the Company 2 working days
PRODUCTION DAY CERTIFICATES (FOR TAX HOLIDAYS)
REQUIREMENTS/CONDITIONS
Receipt of Pioneer Status Approval in principle from NIPC
Formal Application from the Company enclosing the requisite completed Forms (Production and Sales Figures for at least 7months)
PROCESSES TIMELINES FEES
Receipt of Pioneer Status Approval in Principle from NIPC 10 working days No Charges
Receipt of formal application from the Company enclosing requisite completed Forms
In-house review of the submissions and recommendations
Physical Inspection,and verification of the processes, Production lines, Sales/Production details Logistics being provided by the Company
Writing of Technical report on the inspection findings No Charges
Engineering valuations to determine the Production day
Approval of the Production day by the Director (IID) and Certification
CERTIFICATE OF VALUE (For Determination of Foreign Equity Participation/Repatriation of Foreign Equity Capital)
REQUIREMENTS/CONDITIONS
Receipt of Pioneer Status Approval in principle from NIPC
Formal Application from the Company enclosing the requisite completed Forms (Production and Sales Figures for at least 7months)
PROCESSES TIMELINES FEES
Receipt of Application from Company 10 working days No Charges
In-house examination of the documents submitted by the Company
Physical Inspection of the Installed Machines which is already in operation
Price comparison or Engineering assessment/valuation of the assets inspected and recommendations and approval by the Director (IID) Logistics being provided by the Company
Certification No Charges
CUSTOMS CLEARANCE CERTIFICATE (for Import Duty Determination of Second Hand Machines)
REQUIREMENTS/CONDITIONS
Filling of Notice of Intention to Incur Capital Expenditure Forms by the Company
Filling formal return forms by the Company complete with the necessary Import documents
PROCESSES TIMELINES FEES
Receipt of formal application by the Company 5 working days No Charges
In-house examination of the returns to determine the value
Price comparison to determine the acceptability of the value
Certification
FIXED ASSETS VALUATION FOR GOVERNMENT AGENCIES
REQUIREMENTS/CONDITIONS
Formal application for valuation of the assets by the agency
Provision of the details of the fixed assets including date of acquisition and costs.
PROCESSES TIMELINES FEES
Receipt of the formal application from the government agency 3 working days No Charges
Review of the submission to determine the adequacy of the documents submitted
Physical inspection and verification of the assets to determine the depreciation 10 working days Logistics to be provided by the agency
Evaluation and determination of value of assets 5 working days No Charges
Approval of the assets value by the Director 2 working days
Communication of the Valuation report to the Agency 1 working days
POST LANDING CHARGES (For remittance of installation cost)
REQUIREMENTS/CONDITIONS
Making formal request by the company in respect of the Post-Landing charges attaching all relevant documents and detailed information
PROCESSES TIMELINES FEES
Receipt of the formal request 10 working days No Charges
Preliminary in-house investigation of the formal request received from the company in respect of the installation, commissioning and training involving the post landing project
Conveyance of physical inspection notice to the company
Physical inspection exercise to confirm the installation and commissioning of the machineries Logistics to be provided by the company
Preparation of technical report of the physical inspection No Charges
Approval by the Director and conveyance of the findings to CBN