• Thursday, Sep 16, 2021
  • Last Update : 04:41 pm

E-payment mandatory if customs duty crosses 2L

  • Published at 09:16 pm May 24th, 2021
e-payment
The revenue board has introduced an e-payment system on test basis at the Kamalapur ICD Bigstock

The revenue board has also made it mandatory from next January to make e-payment for all customs duty against import and export invoices

The National Board of Revenue (NBR) has made it mandatory to make e-payment from July if the customs duty of an invoice of import and export products crosses Tk2 lakh.

The revenue board has also made it mandatory from next January to make e-payment for all customs duty against import and export invoices, NBR said in a press release on Monday.


Also read - Bangladesh's new tariff preferences mirror Indian model


Senior Information Officer of NBR Syed A Momen told BSS that it has already been decided to make e-payment of customs duty on import and export operations.

“But we have recently taken decision to make e-payment of customs duty mandatory from next July if the duty crosses Tk2 lakh. From next January, e-payment method will be followed to pay all kinds of customs duty,” he added.

The revenue board has introduced an e-payment system on test basis at the Kamalapur ICD from April.

At present, the customs officials fix the customs duty on import and export products under the existing system and then the importers deposit the duty in banks through invoices.

Then the customs officials give permission to unload goods when they become sure that the duty is deposited with the state coffer through banks.


Also read - Zero duties, taxes on import of 46 emergency goods


Under the e-payment system, the customs officials will automatically determine the customs duty of goods.

Then the concerned importers and exporters will instantly get permission of unloading goods once customs duty is paid digitally.

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