Dhaka, Sep 29 (V7N) – The National Board of Revenue (NBR) has instructed that partial exporters can import raw materials duty-free against bank guarantees to boost export trade.

The announcement was made in a notification signed by NBR Public Relations Officer Md. Al-Amin Sheikh on Monday. The notification, issued on September 25, aims to support export-oriented industrial enterprises that are unable to obtain a bonded warehouse license under current bond management rules.

Under the new provision, companies can import raw materials or products without paying customs duties, provided they submit a bank guarantee equivalent to the customs duty assessed by authorities.

The NBR stated that this facility is expected to maximize production capacity, diversify exportable products, and expand the country’s export trade.

END/SMA/AJ