NBR asks customs houses to ease restrictions on release of bonded goods | 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
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
June 12, 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
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JUNE 12, 2025
NBR asks customs houses to ease restrictions on release of bonded goods

NBR

TBS Report
27 October, 2022, 08:30 pm
Last modified: 27 October, 2022, 08:31 pm

Related News

  • BRAC Bank to issue Tk1,000cr social bond
  • Govt eases tax burden for company funds
  • Extra incomes from past land sales can be legalised by paying 15% tax
  • Tax exemptions for key industries to go, sweeping tax hikes planned
  • NBR extends VAT return deadline till 19 June

NBR asks customs houses to ease restrictions on release of bonded goods

NBR has again asked customs houses to follow instructions about what to do when there are errors in HS Codes and to facilitate the delivery of bonded goods

TBS Report
27 October, 2022, 08:30 pm
Last modified: 27 October, 2022, 08:31 pm
Photo: TBS
Photo: TBS

The National Board of Revenue (NBR) has issued special instructions to the country's customs houses to ease the process of taxation and clearance of goods imported under bonded facility.

An official order to this effect was sent to the customs houses and the Customs Bond Commissionerates of the country on 25 October.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) when operating under bonded warehouse facilities, has long been complaining of harassment by officials of the customs houses and Customs Bond Commissionerate. 

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

BGMEA has also requested the NBR to ease the process of consignment delivery several times in the last few months.

In this context, NBR sent the latest directive to the customs houses and the Customs Bond Commissionerates on 25 October.

In it, the NBR said it had already given directions to simplify the process of customs clearance and taxation of imported goods and to remove complications in attaching the Harmonised Commodity Description and Coding System (HS Code) to bond licences. But recently some customs houses have not been following the order.

Especially, there are clear instructions about things to do if the HS Code is absent, wrong, or does not exactly match with the imported goods. However, customs officials still stop the release of consignments in such cases and even suspend all import-export operations of organisations with such faults.

In some cases, even after these importers include the HS Code in the licence, the authorities have been barring the release of their subsequent consignments with the same HS Code, which does not facilitate trade.

"The concerned departments are hereby requested to follow the NBR instructions in order to ensure speedy and uninterrupted delivery of bonded goods without unnecessary delay," said the NBR in its directive.

In this regard, BGMEA First Vice President Syed Nazrul Islam told The Business Standard, "The NBR previously issued such letters several times to facilitate the process of taxation and release of bond products, but they were not very effective at the lower level.

"Still we are thankful for the NBR's new instructions. We hope that following NBR instructions, customs officials will work to prevent the harassment of traders."

Economy / Top News

NBR / Bond

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

  • Aerial view of Grosvenor Square Gardens, London — home to several properties owned by influential families and businesses with ties to the Awami League. Photo: Google Earth
    Lengthy legal road ahead to repatriate Saifuzzaman's wealth from UK
  • From fact-checker to fact-checked: CA Press Wing’s turn in the hot seat
    From fact-checker to fact-checked: CA Press Wing’s turn in the hot seat
  • Wreckage of a Boeing 787 Dreamliner showing part of its registration "VT-ANB" in Ahmedabad, India, June 12, 2025. REUTERS/Amit Dave
    Air India plane crash: Not all dead, one survivor identified, 204 bodies recovered

MOST VIEWED

  • Keir Starmer declines to meet CA Yunus: FT report
    Keir Starmer declines to meet CA Yunus: FT report
  • Wreckage of a Boeing 787 Dreamliner showing part of its registration "VT-ANB" in Ahmedabad, India, June 12, 2025. REUTERS/Amit Dave
    Air India plane crash: Not all dead, one survivor identified, 204 bodies recovered
  • Saifuzzaman Chowdhury. Photo: Collected
    UK crime agency now freezes assets of ex-land minister Saifuzzaman: AJ
  • File Photo of Chief Adviser Muhammad Yunus: UNB
    Prof Yunus to receive Harmony Award from King Charles today
  • Infofgraphics: TBS
    DGHS issues 11-point directive to prevent spread of Covid-19 in Bangladesh
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Bangladesh mulls settlements with tycoons over offshore wealth: BB governor tells FT

Related News

  • BRAC Bank to issue Tk1,000cr social bond
  • Govt eases tax burden for company funds
  • Extra incomes from past land sales can be legalised by paying 15% tax
  • Tax exemptions for key industries to go, sweeping tax hikes planned
  • NBR extends VAT return deadline till 19 June

Features

Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

1d | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

2d | Features
File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

3d | Features
Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

5d | Bangladesh

More Videos from TBS

Banks' estimates were wrong: Bangladesh Bank spokesperson

Banks' estimates were wrong: Bangladesh Bank spokesperson

2h | Podcast
What exactly happened to the ill-fated Boeing aircraft?

What exactly happened to the ill-fated Boeing aircraft?

3h | TBS World
Govt to set up Debt Office as loan burden to hit Tk29 lakh cr by FY28

Govt to set up Debt Office as loan burden to hit Tk29 lakh cr by FY28

4h | TBS Insight
Curfew imposed for second night in Los Angeles

Curfew imposed for second night in Los Angeles

4h | 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