BB waives submission of bill of entry in papers against import
FE Online Report | Tuesday, 21 July 2020
The central bank has waived the requirement of submission of bill of entry (B/E) in hard copy by the importers aiming to facilitate business activities in Bangladesh.
Under the relaxations, authorised dealer (AD) banks are now empowered to accept bill of entry accessible to them through the customs automated system to dispose IMP Form on completion of matching formalities, according to a notification, issued by the Bangladesh Bank (BB), on Tuesday.
In this case, the banks will have to ensure payment of duties and taxes against the imports.
The instructions will be applicable only to import through custom houses having automated system for issuance of bill of entry, the notification added.