IMPORT POLICY (2009-2012)
Bangladesh Import policy :
The Import Policy Order, 2009-2012. apply to all imports into Bangladesh.
It shall come into force immediately and shall remain in force up to 30th June, 2012: However, it will remain in force after the expiry of the validity until the new Import Policy Order is issued.
Notwithstanding anything contained in sub-para 1(3) it will remain in force after the expiry of the validity mentioned in the said para until the new import policy order is issued.
Furthermore, notwithstanding anything contained in the Import Policy, any notification, circular or order issued time to time by the government regarding import under Finance Act or any other law which does not contradict this import policy, shall have preference.
Definitions. - In this order, unless there is anything repugnant to the subject or context ‘Entre-port Trade’ means such trade in case of which imported goods could be exported to a third country after minimum value addition at 5% without changing quality, quantity or shape and without allowing the said goods to be brought out side the port area but can be carried, with the permission of the Ministry of Commerce, from one port to another port for the purpose of exports.
“Act” means, The Imports and Exports (Control) Act, 1950 (Act No. XXXIX of 1950) ;
“Importer” means the ‘Importer’ as defined in article 2(f) of Importers, Exporters and Indentors (Registration) Order,1981;
“Import Control Authority” means the Chief Controller of Imports and Exports and includes any other authorized officer to issue licenses, permits or registration certificates as per the relevant provisions of Import and Exports (Control) Act, 1950 (XXXIX of 1950);
“Basis of Imports” means percentage, rate or formula adopted for determining the share of a registered importer;
“Import value” means C&F or CFR value of imported goods for entre-port trade or re-export;
“Indentor” means a person or group of persons, institution, body or organization registered as an indentor according to article 2(g) of the Importers, Exporters and Indentors (Registration) Order,1981;
H.S. Code Number, means the H.S. Code comprising eight or more digits as mentioned in the First Schedule of the Customs Act pertaining to classification of commodities;
“L/C” means letter of credit opened for the purpose of import under this Order;
“L/C Authorization Form (LCA)” means the form prescribed for authorization of opening of L/C;
“Clearing and Forwarding Agent (C&F Agent)” ”Freight Forwarder (FF)” means a person or an organization acting as C&F agent or as F.F., must possess TIN Number and be computerized within 5 (five) years .
”Food Products” means food products consumed by man directly or after processing.
“Registered Importer” means an importer registered under the Importers, Exporters and Indentors (Registration) Order, 1981;
“Controlled list” means the list of items, import of which is controlled and given in the table of annexure-1;
“Goods” means the list of goods specified in the first schedule of Custom Act, 1969 (Act No.IV of 1969);
“Annexure” means an annexure appended to this order;
“Permit” means an authorization for Import and Export, and includes import permit, clearance permit, import permit on returnable basis, export permit or export-cum-import permit as the case may be issued by Import Control Authority.
The “Sponsor" means Board of Investment (BOI)/ BEPZA/BSCIC or Handloom Board in case of handloom industries run by weaver’s 'Association' ;
‘Re-export’ means export of any imported item within specific period with at least 10% value addition to the import value after reprocessing the said imported item locally by changing either its quality or shape or both;
“Actual user” means a person, group of persons, institution, body or organization, other than registered importers, who may import a permissible item (not being an industrial raw material requiring further processing before being used or consumed) in limited quantity for his or its own use or consumption and not for sale or transfer;
“Chief Controller” shall have the same meaning as given in the Imports and Exports (Control) Act, 1950 (Act No. XXXIX of 1950);
“Expatriate Bangladeshi” means foreign exchange earning Bangladeshi citizens working/living abroad;
“Commercial importer” means an importer registered under the Importers, Exporters and Indentors (Registration) Order,1981 who imports goods for sale without further processing ;
“Fish or Livestock or Bird’s feed” means feeds which are imported and taken by Fish or Livestock or Bird directly or after processing;
“Importer for lease financing” means an importer registered, as special case, under the Importers, Exporters and Indentors (Registration) Order, 1981 approved by the Government for provision of lease financing to the industrial, energy, mining, agricultural, construction, transport and professional service sector;
“Industrial consumer” means a recognized industrial unit registered as an Industrial importer under the Importers, Exporters and Indentors (Registration) Order, 1981 which is 100% Bangladeshi industrial unit and foreign investor registered with relevant sponsoring authority;
“Public sector importer” means importers being government organizations or institutes, statutory bodies, corporations and public universities.