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).
The new policy puts emphasis on imported raw materials for export-oriented industries. It will now be easier to import such materials.
Country of origin must be mentioned on all products, product packaging or containers. However for importing coal, cotton, aluminum raw materials and export-oriented garment and industrial raw materials, country of origin is not required. Nuclear radiation test is mandatory for imported milk, dairy, edible oil, vegetable seeds and cereal products, etc. (food products). Such certification should also be submitted to the Customs authorities.
Non-commercial importers (individuals and organizations) may import goods worth seven thousand dollars for their own use. With the permission of the Controller, non-commercial importers may import more than seven thousand dollars’ worth of goods.
According to the new policy, ocean-going ships, oil tankers and fishing trawlers, cannot be imported if it is 25 year’s old.
For importing abandoned ship (scrap vessels), exporter or owner must have a certification and importer must issue a declaration to the effect that ‘toxic or hazardous waste are not being transported’.
Download: Import Policy Order 2015-18