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BANGLADESH: Export Processing Zones Set for Faster Customs Services

22 October 2021



Customs-related services in the country’s Export Processing Zones (EPZs) are to be accelerated for both local and foreign investors. The move follows the signing of a Memorandum of Understanding (MOU) between the Bangladesh Export Processing Zones Authority (BEPZA) and the National Board of Revenue (NBR) that will give EPZ investors access to 21 categories of customs-related services via a dedicated online portal. 

Among the services covered by this new provision are the issuance of import-export customs permissions; bond registration and permissions to bring-back/ship-back, as well as the release of duty-free import goods by hand-carry; machine loans; and bond-to-bond transfer. In addition, several other services fall within the MOU’s remit, most notably machine repair permissions; no-objection certification and clearance to sell secondhand machinery in the Domestic Tariff Area; and the inspection and clearance of export and import goods, containers and cargo. Access to EPZ commissariat services is also expected to be streamlined by the move.

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    Topics:
  • Other Asian Countries,
  • Bangladesh,
  • export,
  • customs
  • Other Asian Countries
  • Bangladesh
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Article Topics

ARTICLE TOPICS

OTHER ASIAN COUNTRIES36167
BANGLADESH36169
EXPORT76302
CUSTOMS80869

ARTICLE TOPICS

OTHER ASIAN COUNTRIES36167
BANGLADESH36169
EXPORT76302
CUSTOMS80869

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