Welcome to CBC, Dhaka PDF Print E-mail
Written by B.M. Syedur Rahman Programmer,Bond,   
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Monthly Meeting in presence of all officials of Customs Bond Commissionerate,
was held on 12-02-2015

Meeting BGEPe

A Meeting was held with Executive Committe Members of BGAPMEA
(Bangladesh Garments Accessories & Packaging Manufacturers and
Exporters Association ) 
at Customs Bond Commissionerate, Dhaka, on 11 Feb' 2015.

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Warm Welcome was given to Honorable Chairman, NBR
at Customs Bond Commissionerate, Dhaka.

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Honorable Chairman, NBR meeting the Officials  of Customs Bond Commissionerate, Dhaka

Demand imposed against Bond Licenses
              (for violating rules and regulations)


Dr. Md. Shahidul Islam, Commissioner

 As per Customs Act, 1969, 100% export oriented businesses are eligible to get bond facilities. Bond facilities were present from the early year of Customs act enactment. Initially, Bond benefits were monitored by the concern Custom Houses. Then one company has to go all Custom Houses through which he import or export. It was a very complex work for the reconciliation of import and export quantities.To avoid such situation and encouraging export businesses, in November 2000, the Customs Bond Commissionerate started is journey. There are different types of Bond Licenses issued by this office for facilatating exporters.

Bonded Warehouse Facilities PDF Print E-mail
Written by B.M.Syedur Rahman    Saturday, 24 January 2015 00:00

garments2As per Customs Act, 1969 and Value Added Tax Act, 1991 with very few exceptions, almost all exports are tax free. They also get tax free benefit of import or local purchase for the raw materials to be used in manufacturing of exporting goods.But imports of raw materials are taxable in regular tax regime.

The exporting industries have to pay tax during import of raw materials if they work in normal tax regime.After exporting their finish goods, they have to claim Duty Drawback from DEDO or respective VAT Commissionerate.But under the special tax regime like Bond system, they do not need to pay tax during their imports of raw materials.

Under Bond system, Government has huge tax expenditure. Under bond facility, the licensees were gotten the tax benefit of Tk.
15,223.72 crore in FY2008-09, Tk. 20,277.40 crore in FY2009-10 and Tk. 25,071.95 crore in FY2010-11 (upto April). Without the operation of Customs Bond Commissionerate, the exporters have to pay this amount of taxes during import of their raw materials. Moreover, local tax free procurement under bond facility should also be taxable in the normal tax regime.