Export-Import-Law

Regulations for speedy release and disposal of perishable goods introduced

20 August 2021

Government has introduced Perishable Goods Speedy Release and Disposal Regulations 2021 through a notification being SRO No. 269-Ain/2021/44/Customs dated August 8, 2021 (Gazette published on August 11, 2021).

As per the regulations, if everything is in order, the process of customs clearance of perishable goods should be completed within 48 hours. This timeframe can be extended; subject to the permission of the concerned commissioner. Any importer or exporter or their agent may submit a bill of entry to any system within 24 hours if they desire.

Duty Drawback Regulations 2021 introduced

17 August 2021

From now on, export-oriented companies will only get refunds of customs and regulatory taxes from the Director General, Duty Exemption and Drawback Office (DEDO). All exporters have to apply for refund of taxes within six months after export.

Import Policy Order 2015-18 introduced

24 February 2016

After almost 6 months delay, Bangladesh government on February 15, 2016, introduced the Import Policy Order 2015-18. The previous policy expired on 30th June 2015 (however it was valid till the Import Policy Order 2015-18 is issued).

Export Policy 2015-18 published

14 September 2015

The government has introduced new export policy for the next three years (2015-18) prioritizing 12 sectors as the ‘most potential’ while 14 other sectors as ‘special development’.

The 12 highest priority sectors in the new export policy are high value added RMG accessories, software and IT-enabled services and ICT products, pharmaceutical products, shipbuilding, shoe and leather products, jute and jute-based products, plastic products, agro products and agro-processed products, furniture, home textile and terry towel, home furnishing and luggage.