Chattogram Chamber of Commerce and Industry (CCCI) called upon Finance Minister A H M Mostafa Kamal not to execute the amendment on fixation of submission of return on imported goods within five days.
President of CCCI Mahabubul Alam sent an urgent letter to the finance minister in this regard on Tuesday.
He wrote in the letter, "In the finance bill 2020 the section 79 of Act no. 1V of 1969 amended and the amended bill said that (1B) A bill of entry under sub-section (1) shall be delivered within five working days since the arrival of goods. Provided that the Board may, by notification in the official Gazette, extend such time upon stipulating such conditions or limitations as it deems fit and proper. But, the total subject is depended on stakeholders including Suppliers, Suppliers Bank, Shipping Agent of Loading Port, L/C applicant bank, Courier Service and Shipping Agent of Destination Port.
"Usually, the date of submission of documents has to be fixed as per decision of supplier. Normally, the ship reaches the port within 5 or 6 days, but documents reach later which is a normal procedure. Besides, when we export goods to foreign countries, we take approval for necessary time for submission of documents. So, we request not to execute the amendment on fixation of submission of return on imported goods within five days."
He said in the letter that to avoid the misunderstanding hampering of import and export, the minister should not execute the amendment on fixation of submission of return on imported goods.
