Bond facility against bank guarantee for partial exporters soon
DHAKA, Sept 9, 2025 (BSS) – To enhance export earnings and promote diversification, temporary duty-free bond facility will soon be provided to partial exporters against bank guarantees.
Simultaneously, the full automation of bond services is underway.
These updates were shared at the second monthly coordination meeting between
the National Board of Revenue (NBR) and the investment promotion agencies
today, said a press release.
The meeting was chaired by Ashik Chowdhury, executive chairman of the Bangladesh Investment Development Authority (BIDA) while Md. Abdur Rahman
Khan, FCMA, chairman of NBR, joined it.
Officials from Bangladesh Economic Zones Authority (BEZA), Bangladesh Hi-Tech
Park Authority, Public-Private Partnership Authority, Moheshkhali Integrated
Development Authority, and Chittagong Port Authority were also present in the
meeting held at BIDA’s conference room.
Key updates and decisions include a gazette notification will soon be
released to allow partial export-oriented industries to avail bonded
warehouse benefits against 100 percent bank guarantee-limited to raw
materials and components imported solely for export purposes to enable price
competitiveness in exports and the automation of the bond services is in
progress after which manual services will be fully discontinued.
The requirement of Utilization Declaration (UD) has been conditionally
relaxed for delivery of goods or services by licensed warehouse operators to
enterprises located in Export Processing Zones (EPZs) or Economic Zones,
where payments are made through internal letters of credit denominated in
foreign currency.
To facilitate smoother customs clearance, consignments will now be released
even if there is a mismatch between the HS Code and product description
declared in the bond license, entitlement sheet, or UD, and those determined
by Customs through physical inspection-provided the first four digits of the
HS Code match. In such cases, importers must submit an undertaking to update
the bond license or UD within 30 days.
In addition, decisions on another 31 issues were taken to improve the
investment climate.
During the meeting, Ashik Chowdhury said, “We are working on policy support
mechanisms based on genuine investor demands that include bond facilities for
partial exporters. Through coordinated efforts of the government, this will
now soon be implemented. It will allow various domestic industries that rely
on imported raw materials to export at competitive prices. We hope this will
accelerate export diversification in non-RMG sectors and boost both local and
foreign investment.”
Abdur Rahman Khan emphasized on rational investment-friendly reforms and
emphasized on self-assessment and post-clearance audit to ensure faster
clearance of goods from ports.
He provided assurances of his direct intervention in implementing necessary
policy adjustments.