Transshipment, transit fees for using sea and land ports fixed
Sunday, 13 June 2010
FE Report
The government has issued a statutory regulatory order (SRO) last Thursday slapping transshipment/transit fees and issuing rules for using the sea and land ports of the country.
The Finance Bill, 2010 placed by the finance minister proposed insertion of section129A in the Customs Act in this connection.
The new section reads: A transit fee on any goods or class of goods transited under this Act may be levied at such rates, according to weight, measurement, quality, number, bale, package or container, as may be prescribed.
The National Board of Revenue (NBR) through the Statutory Regulatory Order (SRO) has fixed fees for transshipped containers and items.
Transshipment/transit fee for per TEU container is set at Tk 10,000 while for bulk product without container Tk 1000 per tonne
Any country using uses land or seaports of Bangladesh will be liable to pay the fees.
The NBR has also made submission of manufacturers' certificates mandatory for importers of new cars with a view to dealing with tax evasion.
The NBR has issued an SRO to this effect.
The board will allow certificate of dealers if they held 30 per cent stake of the car automobile companies concerned.
The government has issued a statutory regulatory order (SRO) last Thursday slapping transshipment/transit fees and issuing rules for using the sea and land ports of the country.
The Finance Bill, 2010 placed by the finance minister proposed insertion of section129A in the Customs Act in this connection.
The new section reads: A transit fee on any goods or class of goods transited under this Act may be levied at such rates, according to weight, measurement, quality, number, bale, package or container, as may be prescribed.
The National Board of Revenue (NBR) through the Statutory Regulatory Order (SRO) has fixed fees for transshipped containers and items.
Transshipment/transit fee for per TEU container is set at Tk 10,000 while for bulk product without container Tk 1000 per tonne
Any country using uses land or seaports of Bangladesh will be liable to pay the fees.
The NBR has also made submission of manufacturers' certificates mandatory for importers of new cars with a view to dealing with tax evasion.
The NBR has issued an SRO to this effect.
The board will allow certificate of dealers if they held 30 per cent stake of the car automobile companies concerned.