• Wednesday, Nov 30, 2022
  • Last Update : 10:24 am

Customs act to be amended to expedite export, import

  • Published at 05:07 pm February 25th, 2020
Speakers at a discussion, organized by ERF, at its office on Tuesday, February 25, 2020 Courtesy

Customs officials made the statement at a program

The customs will make submission of bill of entry mandatory by importers within 72 hours of export and import of goods, and provision of penalty will be incorporated in customs act if any importer fails to submit the bill in time. 

Currently, it takes up to 10 days to submit bill of entry by the importers in the customs port, which causes unusual delay in releasing goods.

This was said at a program titled ‘Ease of doing business: Trading across border’ in the capital on Tuesday. 

Economic Reporters’ Forum (ERF) organized the orientation and awareness program on its premises with the support of the International Finance Corporation (IFC), a member of the World Bank Group, and Bangladesh Customs.

“We will incorporate a provision of imposition of penalty in case of not submitting bill of entry within 72 hours of import,” said customs member (audit, modernization and international trade) Khondaker Muhammad Aminur Rahman at a program.

High-officials of National Board of Revenue (NBR) shared their recent reform initiatives to simplify trading across borders to improve the country’s indicator in the doing business index of the World Bank.

Customs commissioners of Dhaka custom house Md Moazzem Hossain, Kamalpur Inland container depot Md Anwar Hossain, customs bond commissionerate (Dhaka) SM Humayun Kabir, among others, spoke on the occasion.

Private sector specialist of IFC Nusrat Nahid Babi delivered introductory remarks while ERF General Secretary SM Rashidul Islam delivered the welcome speech.

Customs modernization first secretary AAM Amimul Ehsan Khan gave a detailed presentation on recent initiatives of customs to expedite the trading across the border.

All of the customs commissioners stressed the need for proper coordination between the relevant agencies to improve the process of trading across the border.

Customs member Aminur Rahman said the National Single Window (NSW) would bring 39 agencies under a single roof to ease the process trading across the border.

“Once the NSW project is implemented, the country will see a significant improvement in doing business indicator and it will take one to two days to release goods from ports,” he said.

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