Scribd
Upload
252 views

Overall Export-Import Procedure and Documentation

This document summarizes the import and export procedures in Bangladesh. It outlines the key laws governing import and export, the types of imports including home consumption and bonded warehouse imports. It also describes the import documentation such as letters of credit, import permits, and bills of entry. The export procedures and documentation such as export contracts, bills of lading, and certificates of origin are also summarized. Important terms related to pricing, transportation, and duty calculation are defined.

Uploaded by

tanvir ahmed
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
252 views

Overall Export-Import Procedure and Documentation

This document summarizes the import and export procedures in Bangladesh. It outlines the key laws governing import and export, the types of imports including home consumption and bonded warehouse imports. It also describes the import documentation such as letters of credit, import permits, and bills of entry. The export procedures and documentation such as export contracts, bills of lading, and certificates of origin are also summarized. Important terms related to pricing, transportation, and duty calculation are defined.

Uploaded by

tanvir ahmed
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 22

Overall Export-Import

procedure and documentation

AKM Nurul Huda Azad


Additional Commissioner of Customs

Work Place:
• First Secretary (Customs) &
• Additional Director General
Central Risk Management Unit, NBR

Bangladesh
Customs
Definition
“Import & Export” means respectively
bringing into and taking out of the provinces
by sea, land or air. [Section 2 (C) of Import &
Export Control Act, 1950.]

Bangladesh
Customs
Types of Import
• Import for Home Consumption;
• Importation for Bonded Warehouse;
• Temporary Importation for re-exportation;
• Importation for Entre-port (অন্ট্রাপো);
• Importation on returnable basis;
• Importation for Personal use &
• Import for Back to Back LC
Bangladesh
Customs
Import & Export Related Laws
• The Import Export (Control) Act, 1950; [Act No. XXXIX
of 1950]
• Import Policy Order (IPO);
• Export Policy;
• The Customs Act, 1969; [ Act No. IV of 1969]
• Foreign Exchange Regulation Act, 1947; [ Act No. VII of
1947]
• Importers, Exporters & Indentors (Registration) Order,
1981
Bangladesh
Customs
IPO (Import Policy Order)
• SRO (Statutory Regulatory Order)
• Every 03 (Three) Years;
• 2015-2018 (Existing);
• 2019-2022 (Coming)

Bangladesh
Customs
Import Restrictions
• List of Controlled goods (Part-A of Annex-1)
• List of Prohibited goods (Part-B of Annex-1)
• Conditional Import
• All other goods are importable freely.

Bangladesh
Customs
Importation Procedure

• Through LC
• Against LCA
• Through IP/CP (Import Permit/ Clearance Permit)
• Againist Deferred Payment basis
• Against Direct Payment-abroad (Only for Bangladeshi
expatriate)

Bangladesh
Customs
Letter of Credit (L/C)

• LCA – Letter of Credit Authorization;


• LC
• Master L/C;
• Back to Back LC (BBL/C)

Bangladesh
Customs
General Conditions for L/C Opening
• Mandatory of using HS Code;
• PSI (Pre Shipment Inspection);
• Import at competitive rate;
• Import by mentioning CO (Country of Origin);
• BIN;
• eTIN;

Bangladesh
Customs
Source of Finance
• Cash Foreign exchange;
• FC accounts;
• External economic aid;
• Barter and Special Trading Arrangement (STA)
Required Documents for L/C
• LCA Form;
• Proforma invoice (PI);
• Insurance cover;
• Membership Certificate of Chamber of Commerce/
Membership Certificate of Association;
• TIN;
• IRC;
• BIN;
• Insurance Cover Note (To cover the loss or damage);
• Other Documents (If necessary) such as: Lubrication Oil-
BERC, Pharmaceuticals raw materials- Drug administration
Bangladesh
Customs
Price
• FOB- Free on Board;
• CFR- Cost & Freight;
• CIF- Cost Insurance & Freight;
• FOC- Free of Cost

Bangladesh
Customs
Bill of Entry Form

Bangladesh
Customs
Customs Declaration: Bill of Entry
Required Shipping Documents
• LCA;
• LC;
• PI;
• Invoice;
• Packing List;
• Bill of Lading;
• Bill of Exchange &
• Certificate of Country of Origin
Bangladesh
Customs
Transportation Documents

• B/L (Bill of Lading) for sea Cargo;


• Airway Bill for Air Cargo;
• Truck Receipt for Land Cargo
• Railway Receipt for Railway
• Waybill

Bangladesh
Customs
Bill of Lading
Journey of Bill of Entry
• Submission of B/E in Customs Computer system ie:
ASYCUDA world by C&F or Self;
• Physical examination;
• Assessment & Payment;
• Release Order;
• Payment of Port Charges, Shipping Agent Charges,
• Clearance of Good

Bangladesh
Customs
Calculation of Duty Taxes
• CD (%): 0, 1, 5, 10, 15, 25;
• RD (%): 3, 5, 10, 20, 30
• SD (%): 10, 20, 30, 45, 60, 100, 150, 200, 250, 300, 350, 500
• VAT (%): 15;
• AT (%): 5;
• AIT (%): 5;
• Cumulative Calculation;
• TTI (Total Tax Incidence);
• SRO benefit (CPC) Customs Procedure Code

Bangladesh
Customs
Types of Export

• Direct Export (সরাসরি রপ্তানি);


• Deemed Export (প্রচ্ছন্ন রপ্তানি);
• Export Cum Import;

Bangladesh
Customs
Conditions of Deemed Export

• International Tender
• Foreign Exchange
• Contract/Agreement

Bangladesh
Customs
Export Documents
• Sales Contract/ Export Contract/ Purchase Orer
• Bill of Lading for export/Air way bill/ Truck Bill/ Car Pass;
• Insurance Policy/ Insurance Covernote;
• Exp Form from Commercial Bank (AD Branch);
• Packing List;
• Certificate of Origin;
• BIN;
• Commercial Invoice;
• TIN;
• ERC;
• Bill of Export/ Shipping Bill

Bangladesh
Customs
Thanks

Question
&
Answer

You might also like