Importers to face penalty for delay in document submission

26 February, 2020 12:00 AM printer

Importers are going to face penalty for their failure of bill of entry submission within 72 hours of arrival of goods at port.

National Board of Revenue (NBR) is making this provision mandatory by bringing an amendment in the Customs Act to expedite country’s import and export activities as currently importers almost take up to 10 days to submit bill of entry to authority causing unusual delay in releasing goods, said officials, reports BSS.

“We will incorporate a provision of imposition of penalty in case of failure in bill of entry submission within 72 hours of import,” said Customs Member (Audit, Modernization and International Trade) Khondaker Muhammad Aminur Rahman at a programe on Tuesday.

Economic Reporters Forum (ERF) organized the orientation and awareness programme on “Ease of Doing Business: Trading Across Border” at its auditorium with support of International Finance Corporation (IFC) and Bangladesh Customs.

NBR high-officials, at the event, shared their recent reform initiatives to simplify trading across borders to improve country’s indicator in the ease of doing business index.

Customs commissioners at Dhaka Customs House Md Moazzem Hossain, Kamalpur Inland Container Depot Md Anwar Hossain and Customs Bond Commissionarate (Dhaka) S M Humayun Kabir, among others, also spoke on the occasion.

IFC’s private sector specialist Nusrat Nahid delivered introductory remarks while ERF General Secretary S M Rashidul Islam delivered welcome speech.

Customs modernization first secretary A A M Amimul Ehsan Khan gave a detailed presentation on recent initiatives of customs to expedite the trading across the border.