Garments Arena

Garments Arena is an Info Blogging Site. This site contains various type of Garments and Textile related information. This site will help people to get important information. In this site you will get the following information: Garments, Textile, Raw Material, Garments Supplier, Merchandising, Commercial, Global Supply Chain, Global Trade, Trade in Bangladesh, Bangladesh Export-Import Policy, Garments Buying House, Production, Global Brand, Retail Business, Terms of Trade, Payment Policy and other relevant information.

Customs

Bangladesh Customs

Bangladesh Customs

Bangladesh Customs is the principle customs agency of Bangladesh.

History

Bangladesh Customs was formed under the National Board of Revenue in 1972 after the Independence of Bangladesh through the Customs Act. In 2016 Bangladesh Customs joined Operation IRENE to stop illegal trafficking of small arms and drugs.

Organization structure

Customs is one of the three tax collecting agencies that work under the National Board of Revenue. The other two agencies are VAT and Income Tax. The Customs wing is responsible for planning, formulation, implementation, and periodic review and re-appraisal of policies on matters related to Customs. Its main functions are:

  • Collection of duties and taxes at the import stage,
  • protection of domestic industry,
  • trade liberalization,
  • facilitation of trade,
  • prevention of smuggling,
  • interdiction of prohibited goods, narcotics and objects detrimental to national security, and
  • Prevention of money laundering.

Customs wing monitors the activities of Customs stations, and provide directions and interpretations to field offices. Offices under the Customs wing implement the policies formulated by the NBR, collect duties and taxes at the import stage, apply relevant laws and regulations formulated by other border agencies, and ensure facilitation of trade. There are six Custom Houses (Chittagong, Dhaka, Mongla, ICD Kamalapur, Benapole and Pangaon), two Customs Bond Commission rates (Dhaka and Chittagong), one Customs Intelligence and Investigation Directorate, one Customs Valuation and Internal Audit Commissioner ate and a number of functional land Customs stations.

While Chairman is the apex decision making authority in the NBR, the basic functions of the Customs wing are supervised by four Members. These positions are:

(i) Member (Customs: Policy);

(ii) Member (Customs: Export, Bond and IT);

(iii) Member (Customs: Audit, Modernization and International Trade); and

(iv) Member (Customs: Administration).

Intelligence branch

Bangladesh Customs has an intelligence division, responsible for preventing smuggling and tariff evasions. In 2016 it started operations to recover cars bought and sold in Bangladesh evading taxes, the cars were bought in by foreign officials working in International agencies such as the World Bank and various agencies of the United Nations.

For more information: Bangladesh Customs

 

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