Bangladesh Imported Goods from Abroad
Introduction
•
A good or service brought into
one country from another.
•
The
word "import" is derived from the word "port," since goods
are often shipped via boat to foreign countries.
•
Countries
are most likely to import goods that domestic industries cannot produce as
efficiently or cheaply.
Why Import?
•
To
serve markets where the firm has no or limited production facilities.
•
Goods that act as a tool for
producing another kind of commodity.
•
To remain price-competitive in the
home market.
•
To improve the efficiency of
manufacturing equipment.
•
To achieve additional sales.
Non
Importable Goods
•
Maps,
charts and geographical globes which do not indicate the territory of Bangladesh.
•
Books,
newspapers, periodicals, documents and other papers containing matters likely
to outrange the religious feelings.
•
Goods
of secondary or sub-standard quality or below –standard or old, used, reconditioned
goods or factory rejects and goods of job-lot/stock-lot.
•
Reconditioned office equipment,
photocopier, type-writer machine etc.
•
Import of live Swine and any item
prepared from swine.
DOCUMENTATION
•
Trade License (Authority: City Corporation).
•
TIN (Tax
Identification Certificate) Certificate (Authority: National Board of Revenue).
•
VAT (Value Added Tax) Certificate (National
Board of Revenue).
•
IRC (Import
Registration Certificate) (Authority: Chief Commissioner Import & Export).
•
Bank Account (Local Scheduled Bank) (Any
Schedule under central Bank).
•
Specific
License (i.e. Govt. Import, you should have Enlistment, Bond Certificate for
Specialized Zone).
•
Cash
foreign exchange (balance of the foreign exchange reserve of Bangladesh Bank).
•
Foreign
currency accounts maintained by Bangladeshi Expatriates working/living abroad.
•
External economic aid (Commodity
Aid, Loan, Grant).
•
Commodity
exchange: Barter and Special Trading Arrangement (STA).
•
Commercial
importers and industrial consumers may utilize their respective shares under
Barter/STA as per basis notified.
•
Import
under the Special Trading Arrangements (STA) concluded with prior approval/permission
of the government, shall be subject to the specific procedures laid down by the
government in this respect.
Import
License
Import
against LCA Form
Import
through L/C
Import against LCA Form but without
opening of Letter of Credit (L/C)
Import
against Import Permits and in special cases against Clearance Permit (for
clearance of goods on payment of fine)
•
Import on Deferred Payment Basis
or Against Supplier’s Credit.
•
Import against direct payment
abroad.
•
Time limit for opening of L/C.
•
Validity of shipment for goods.
Transportation Documents
•
There
are different modes of transport through which goods can be Imported.
•
Therefore every mode of transport
will have a different document.
Air Freight
•
Air bill/Air consignment
notes
•
Railway
receipt/Consignment note
A
bill of lading
Air
Waybill (AWB
Railway
receipt
Waybill
Fees Regarding Imports
Category
|
Value Ceiling of
|
Initial
Registration
|
Annual
renewal
|
|
annual import
|
fees
|
fees
|
||
First
|
Tk. 5,00,000
|
Tk. 5,000
|
Tk. 3,000
|
|
Second
|
Tk. 25,00,000
|
Tk. 10,000
|
Tk. 6,000
|
|
Third
|
Tk. 50,00,000
|
Tk. 18,000
|
Tk. 10,000
|
|
Fourth
|
Tk. 1,00,00,000
|
Tk. 30,000
|
Tk. 15,000
|
|
Fifth
|
Tk. 5,00,00,000
|
Tk. 45,000
|
Tk. 22,000
|
|
Sixth
|
Above Tk.
|
Tk. 60,000
|
Tk. 30,000
|
|
5,00,00,000
|
||||
Machinery
and equipment
Chemicals
Iron
and steel
Textiles
Foodstuffs
Petroleum
products
Cement
Partners
China:
15.8%
India:
15.7%
Kuwait:
8.1%
Singapore:
7.6%
Japan:
4.4%
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