8.4. Customs Procedures and Documentation

The customs clearance process in Bangladesh involves multiple steps, beginning with a customs officer’s examination of trade documents. Required paperwork includes a Letter of Credit (L/C), invoice, bill of lading, packing list, certificate of origin, insurance policy, and VAT/BIN certificate. Duties and taxes are assessed based on these documents, and clearance is granted upon payment. The new Customs Act 2023, effective from June 6, 2023, replaces the 1969 law, streamlining revenue collection and improving trade facilitation. The Import Export Hub serves as a comprehensive repository for customs compliance, ensuring efficient import and export processing for businesses.

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