Bangladesh’s NBR issues fresh guidelines for better customs clearance
NBR noticed that at times, the HS code or product description declared in the bond license, entitlement sheet or relevant utilisation declaration (UD) of a bonded warehouse license-holding enterprise, or in the declaration submitted for clearance of imported goods by such enterprise, differs from the HS code or product description determined by the customs authority during physical examination. The reasons for that may vary.
Bangladesh’s revenue body has ordered the release of goods of bonded enterprises despite differences in HS code or product description.
At times, the HS code or product description declared in the bond license, entitlement sheet or relevant utilisation declaration, or in the declaration submitted for import clearance, differs from the those determined by the customs authority during physical examination.
Consignments are not released on time due to such differences that often cause delays in the customs clearance process. This create hurdles to the timely shipment of exports, said an NBR press release.
Considering the greater interest of export trade and on an urgent basis, NBR has issued an instruction to resolve such complexities regarding the clearance of goods of bonded enterprises.
Fibre2Fashion News Desk (DS)
