Rolls-Royce import: Z&Z Intimates Limited’s bond licence suspended | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
July 11, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JULY 11, 2025
Rolls-Royce import: Z&Z Intimates Limited’s bond licence suspended

Bangladesh

TBS Report
19 July, 2022, 01:00 pm
Last modified: 19 July, 2022, 10:38 pm

Related News

  • RMG workers block Airport Road in Ctg over unpaid wages, part of Eid-ul-Fitr bonus
  • Denied sick leave, Ctg EPZ worker dies later; investigation launched 
  • Business leaders call for ease in bond licence issuance for RMG
  • Bond licence rules need to be eased for growth of RMG sector: Seminar
  • Thief steals £350k Rolls Royce in 30 seconds

Rolls-Royce import: Z&Z Intimates Limited’s bond licence suspended

TBS Report
19 July, 2022, 01:00 pm
Last modified: 19 July, 2022, 10:38 pm
Rolls-Royce import: Z&Z Intimates Limited’s bond licence suspended

Importer Z&Z Intimates Limited's general bond licence has been suspended for breaching NBR regulations.

The company - which had previously released a Rolls-Royce car worth Tk27 crore from Chattogram Export Processing Zone (EPZ) without paying import duties - had also violated the National Board of Revenue's regulations in obtaining a bond licence.

All directors or owners of a company have to put their signatures on a non-judicial stamp of Tk2,000 while applying for a general bond licence. However, signatures of only two directors of Z&Z Intimates Limited were obtained, and those too were not attested by the lien bank.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

So, the Chattogram Bond Commissionerate suspended their general bond licence on 14 July in a letter signed by the Commissionerate's CEPZ Division Deputy Commissioner Tapan Kumar Chakraborty.

A letter was sent to all customs houses, VAT Commissionerate and Bond Commissionerate of the country in this regard.

Commissioner of Chittagong Custom Bond Commissionerate AKM Mahbubur Rahman said the general bond licence of Z&Z Intimates Limited has been suspended.

A top official of Z&Z Intimates Ltd said that they have all necessary documents ready and will soon submit everything to the customs authorities.

Z&Z Intimates Ltd and the Rolls Royce Saga

On 6 July, the Customs Intelligence and Investigation Directorate (CIID) seized a brand new Rolls-Royce worth Tk27 crore from Dhaka after it was released from Chattogram Export Processing Zone (EPZ) without paying import duties.

Imported from the United Kingdom by Z&Z Intimates Limited, the car was hidden in the garage of the residence of the company's managing director in Baridhara, the CIID had said in a press statement.

The importer has violated the provisions of the Customs Act by illegally hiding the vehicle in a private garage without paying import duties, the press statement added.

Z&Z Intimates' import permit shows that the company is a joint venture between Hong Kong and Bangladesh.

According to the CIID, a bill of entry for the 6750cc car was submitted to the customs on 27 April, but the vehicle was never assessed and the customs clearance process was not complete.

Later the vehicle was illegally removed from the Ctg EPZ on 17 May.

The government will lose revenue of Tk24 crore if it does not get the import duties for the car.

Top News

Chattogram EPZ / Bond licence / Rolls Royce

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Abul Barkat at Dhaka Metropolitan Magistrate Court on 11 July 2025. Photo: TBS
    Economist Abul Barkat sent to jail in Tk297cr embezzlement case
  • BNP senior leader Salahuddin Ahmed. Photo: Collected
    No scope for electoral alliance with Jamaat, door not closed for NCP: BNP's Salahuddin
  • Sketch: TBS
    No peace through concession — only struggle secures tomorrow

MOST VIEWED

  • Photo: Mohammad Minhaj Uddin/TBS
    SSC, equivalent results: Pass rate drops to 68.45%, GPA-5 also declines
  • In terms of stream of education, girls maintained their excellence as well. Photo: TBS
    SSC 2025: Girls dominate boys by over 5%
  • Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
    Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
  • Students sit for SSC exam at Motijheel Girls' High School on 10 April 2025. Photo: Mehedi Hasan/TBS
    SSC exam results out: Here's how you can check online and via SMS
  • The overall pass rate across all boards this year, 68.45%, is significantly lower than last year's. Photo: Focus Bangla
    SSC 2025: Rajshahi board records highest pass rate, Barishal lowest
  • Representational image. Photo: Collected
    35% tariff: Bangladesh, US 'agree on most issues' as first day of talks ends

Related News

  • RMG workers block Airport Road in Ctg over unpaid wages, part of Eid-ul-Fitr bonus
  • Denied sick leave, Ctg EPZ worker dies later; investigation launched 
  • Business leaders call for ease in bond licence issuance for RMG
  • Bond licence rules need to be eased for growth of RMG sector: Seminar
  • Thief steals £350k Rolls Royce in 30 seconds

Features

Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

20h | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

23h | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered — have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

23h | Panorama
Photo: Rajib Dhar/TBS

11 July 2024: Riot vehicles, water cannons hit the streets as police crack down on protesters

16h | Panorama

More Videos from TBS

Threat of 35 percent tariff on Canadian goods

Threat of 35 percent tariff on Canadian goods

49m | TBS World
Israel ready to strike back if Iran threatens: Katz

Israel ready to strike back if Iran threatens: Katz

2h | TBS World
India is strengthening ties with Israel

India is strengthening ties with Israel

3h | TBS World
'Hypocrisy' will not continue, Iran tells IAEA

'Hypocrisy' will not continue, Iran tells IAEA

19h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net