Qualification of the applicant Links

The applicant is required to have the following qualifications mentioned below-

1. Conduct uninterrupted business for 5 years in Bangladesh;
2. Satisfactory compliance records of the Customs, VAT, and Income Tax Act;
3. Evidence of non-violation of the provisions of existing laws for the last three years from the time of submission of application;
4. Clean record of payment of duties and taxes at the time of submission of application;
5. The amount of penalty in any case related to Customs, VAT & Income Tax (except those under trial at courts) should not be above one percent of the total value of the goods and services of last three years;
6. The amount of authorized capital should be at least 15 crore & paid up capital 5 crore or the annual total turnover has to be 3 crore continuously for the last five preceding years from the time of submission of application; and
7. If the applicant is an importer the average total amount of import for the preceding three years should not be less than 5 crore and if the applicant is an exporter the total average amount of export for the same period should not be less than 5 crore.

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