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When Input-Output co-efficient is necessary to get duty drawback?
Refunds And Duty Drawback Enquiry by NBR Customs | 26/05/16 at 9:36 am Reply from NEP | 26/05/16 at 9:36 am

When duty drawback is given on the basis of actual rate, determination of input-output coefficient is necessary. The Input-Output Co-efficient is not fixed and is subject…

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226

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What is the rate of airfreight fare that will be added to assess the value…
Documents And Formalities For Import Enquiry by NBR Customs | 16/05/16 at 2:39 pm Reply from NEP | 16/05/16 at 2:39 pm

For the purpose of determining the assessable value of a imported consignment at a Customs airport, an amount equal to 15% of the freight published…

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225

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What special formality needs to be followed to open L/C in order to import plant…
Documents And Formalities For Import Enquiry by NBR Customs | 16/05/16 at 2:40 pm Reply from NEP | 16/05/16 at 2:40 pm

In order to open a Letter of Credit (L/C) to import plant and plant products, a valid import permit has to be obtained beforehand from…

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225

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Is it possible to export without LC? What are the procedures?
Documents And Formalities For Export Enquiry by NBR Customs | 16/05/16 at 2:44 pm Reply from NEP | 16/05/16 at 2:44 pm

As per the Guidelines for Foreign Exchange Transaction, exports can be made without LC if there is a Sales Contract. In that case, the size,…

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224

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What is the maximum amount of spare parts that an export oriented industry can import…
Trade Incentives (e.g. Cash Incentives, Duty Drawback Etc) Enquiry by NBR Customs | 16/05/16 at 3:35 pm Reply from NEP | 16/05/16 at 3:35 pm

As per paragraph 4.12.6 of Export Policy, 2015-2018, an export oriented industry will be allowed to import spare parts up to 10 % of total…

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224

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Is country of origin (CoO) certificate essential for all types of imports?
Documents And Formalities For Import Enquiry by NBR Customs | 16/05/16 at 2:39 pm Reply from NEP | 16/05/16 at 2:39 pm

As per the provisions of Paragraph 5(6) of the Import Policy Order, 2015-2018, a

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223

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Does a passenger need to pay duties and taxes for a Video Camera as a…
Passenger And Baggage Information Enquiry by NBR Customs | 16/05/16 at 3:02 pm Reply from NEP | 16/05/16 at 3:02 pm

Usually one video camera can be brought in duty free as a baggage item by any passenger. But, HD Cam, DV Cam, BETA Cam and…

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223

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How diplomats and privileged persons can buy duty free motor cars/goods?
Benefits For Diplomats And Privileged Persons Enquiry by NBR Customs | 26/05/16 at 10:09 am Reply from NEP | 26/05/16 at 10:09 am

Diplomats working in Bangladesh are entitled to buy goods under bond facility if they have received exemption certificates from the Ministry of Foreign Affairs. On the…

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223

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Who can apply for AEO status?
Authorised Economic Operator Enquiry by NBR Customs | 26/05/16 at 10:26 am Reply from NEP | 26/05/16 at 10:26 am

The National Board of Revenue is currently working on developing the Authorized Economic Operator/ Trusted Traders system in Bangladesh, as part of its customs modernization…

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223

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What actions do Customs authority usually take if imported food is found not fit for…
Auction And Destruction And Disposal Of Goods Not Releasable Enquiry by NBR Customs | 26/05/16 at 9:49 am Reply from NEP | 26/05/16 at 9:49 am

If the imported food item is found not fit for human consumption or its edible life or shelf life is expired, Customs will not release…

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222

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