Wednesday, 10 August, 2022

Customs begins collecting 15pc VAT on bitumen import

  • Staff Correspondent
  • 5 August, 2022 12:00 AM
  • Print news

CHATTOGRAM: Chattogram Customs House has started collecting 15 per cent value added tax (VAT) from the consignments of imported bitumen released without paying the newly imposed VAT.

Notices have been sent to three importers for paying the VAT for seven of their consignments according to the amended SRO issued on June 28 this year.

One of the importers has already paid an additional amount of around Tk 43 lakh in VAT after receiving the notice, said sources in the Customs House.

They said the National Board of Revenue (NBR) issued an amended SRO imposing 15 percent VAT on imported bitumen.

It was asked to make the SRO effective from June 29. But the VAT rate was not updated at ‘Asycuda World’ system of the NBR due to a technical glitch.

A total of seven consignments of the three importers were released without realising the VAT after issuing the amended SRO.

The matter came to the notice of the Customs in the last week of July and the new VAT was updated in the system as per the SRO quickly.

Deputy Commissioner (DC) Rokshana Khatun of the Customs said the VAT was not updated in the ‘Asycuda System’ of the NBR due to a technical glitch.

Seven consignments of three importers were delivered without collecting the VAT after issuing the SRO,

she said.

 “Notices have been sent to the importers after we came to know about the matter,” said Rokshana.

The rest two importers who received the notices will pay the VAT after participating in a hearing in this connection, she said adding that there is no scope to leave the VAT unpaid.

A customs officer preferring not to be named said according to the SRO, 15 percent VAT is mandatory on the import of bitumen.

The VAT will be applicable if any importer submits the bill of entry at the Customs House after June 28.

 “Those who got their consignments delivered without paying the VAT will have to pay it,” he said.

Sources said three importers submitted the bill of entry for taking delivery of seven consignments since June 29. The importers are ‘Kamal and Brothers,’ ‘Dhaka Concrete’ and ‘Deen and Company.’