@ses on: Ju y D€ffb€r2013

Dcbilcd Cour Plu ud OrtlineFor L.v€l-I! (Ewnlns Shift)

D|lj-01va ue Add€d rar (var) Inood(ton or T.x and VAT, Sadqiouid of vAT,

Be td omBbiron d varue aad€d. vAT E9 $rat on

r!se!qc!t!!Il-e?

I.dire.t Ia L.ws, va ue Added rax (vAr) ..=)l44v 4 4t:4'!4 444!4s.!L

fti@ d<radtion of VAT and pne aporcvar prceduenomtnevATauthonty'ft-eduEdfpaynentfovAT hp.siton dl suppedentary dures

5!

ti

J

!1tuslbtas,@@@ s,1@@i Ind'ect-rax Laws, vatue Add€d rar ryAt . l

-)

rdun/coue co.t rb:Pro.edure of tumover t xadrstment. F lng of retums

3g

i,t44!-!LtqaLMp4!es4yslidtrctTar t s, Vale Added Tax(vAT) -

=);-r..t!E,coum c".r..8,? F Inq or var Eruns prfteduE of vAr appersg Prceduc or var pena hes. sers and reg sters rdI qodre ofvAr. var rerared dded ms.

iDll-Lor!ad!99lvl\qu!!!9f s q!! a!!!Ef

Ind rc.t Tax t ws, value Atrdd Tax (vAD o rerud/c.lEContartr:

=) : vatF Added rd (vAr) rues. A.ouuts (eepng or

! vAr varo4 rons n varue rdded tax tur6, Musiak-! 1, lA, 23.4.5.5AI n,+ur-zlr

noGtu4d6e*tud*

it"direcrraa.w-s,vrGAdd€dii(vrl"IruE*rco,*c-u;E;+ "

F6r shed,je to d€ Ad (c@ds dmot iioo vAr): se.oM r'ed, e o o" a. .se .($ e,e-$ tog the vAt. rhid <h€dure (supprflenb/y duty).g cds eo \ee" o4er xf

L- !!dd9 aid c rculaE)

n644t4t,14!qttwtud@@[i"d red rax L.6, rE c,fu6 Ad

- -

-)Aaordinq to customs Act c eaEn@ of g6ds frcm trieport TEnspat and warehdusi^q tr.€r&f a5 os eida

€

etu46.et@@q.1tu@

- ; @'ora5 crd @nedio 1 o. cLre5 dure: drcwb{\ or d.-+I dd c Froa., ^@'o! Lo L ,

say! 4|!4,14L@4e2@ s4 q!!!'Ind d Td Las, The Customs ad

-> Rww of cusloms Act wth pa* exan nation

R4'* ot vAT A.t with past €Dminarion qBt@s ir!!p", -- ]fT"',1"1r

:

0ry.i1

Ind R ra uB, TtF customr Adrnd rcd Tax Laws (The customs A.t and vatue ldden

I;g

\

6&ffi''{*'

I

Instlbte of Cherter€d S€.r€tarl6 of Banol.deltr (ICSBTses on : rulY-oecemb€/2ol1

For L.wl-II (E*hhs shlft)

Sutiel C.de : DITL 202 - INDIRECT TAX tAlts I

iro',";;;,-*;l . vAr r.t r r, ' t!er) r!, .', 16. -,4.

1991 has been proved to besucce6stul since ils incepuon, VAT isan ndirect tax. Since it is utimateLybome by the consumeB of q@ds andseruices, it can b€ grouped withexpenditure tax. The basic prlncip eof VAT is that a tax is levi€d on thevalue of qoods and seruices at eachstage of production and supply until itrea.h the f nal consLmeu.

. seond shenue to the Act (seryces

' ftid fiedure (Supprement ry dut)Valoe added tax Act'1991 comprlsed oithr€e areas oftaxatEni

- Supplementary dlty aid

Crax rate x output value) - ( Tax rate : InpLrt value)t=IL__ l

tte!-desJAlrdgrE *r^l v-i i-{8.{ €" ? qph._ ;iu *_:,''1"t.

o

3-.nd Fh.l Pbdc.r

output value ol soodTo.gu value of s@d5

rt. 145

90.

90 45 = Tk. 45

1Tt.

prciuced = rl''soo. p@iucen = lk iooo.VAT = 11. 120, VAT = R, 150,Net td paid Net tax paid120-90 = Tk 30 150-120 = TL 30

co.L Re,enie 1145 Co^ Re,enrft45 6MRe.e.Frr30. Co{tuFfr1r0'

(r) crF varu€ (c6t h$rane & FE qht)+ hood outy + Developnent s

frJg*6-

, Output Tax

IEtihrt€ ot Chan€rEd S*r.tari6 of B.Nl.de.h (ICSB)Se$ion ranlaryrlne2013

F.r L.El-Il (Cv€.1n9 Shllt)

I Se.tion. 2: Definition: SecUon 3: Impos ton ol Value add;d

- rlnover :r5!:-\e njd elFv{

, Zero rated Goods and Seruices

srection 4: App icat on of Tax RateS€c'tion 5: Determrnation oivaue forcharglig value added TaxSection 6r Time and method of

sect or 8: Torn over TaxSection 9: Rebate on TaxesSection 10: Rectfication of Accountsalter p.yment of output iax,

n Q: what is heant by rcltskatjon n vAT a.t )ir Q: For whom e9 stration scompuGory?.t Qr what s se f-regtst aton ? what s the advantaoe ot it ,,r Qr what is computsory req srratron ?,, Qr What iifomat on or deum€nt5 arc rcqu r€d for rcqistrat ont Q: When reg strahon s n@sry.r Q: 15 there any fees ror reginration ?r, Qi What is centra fegislraUon ? What is to be comptiei wth by a centralty r€istered

Q: which seMft prdideE aid suppleE of gdds are equired to be egiste.en tor V Trrespect ve of the tumover )O Wnd s lhe p o!,sd d regirclon*-en rore rhan one rd,abte qMs a? p.odu(ed

Qr When eqistraton Gn be cancetied ?

Q: What afe the provrsons of aw when business s cadied on without vAT regjsfabon ?Q: Who ee the mporte6 exempt frcm req *ratron requnehent ?

"qF.PwSubl.cl Codo : DITL 202 - |ND|RECT TAX LAVVS

o. hi r. D { &.Li on? wh

". *tu.h h*. . b" ";.*.d by

e. I. rnh erxcd q 16. .h. n6? whr e d! rq r.Mar,

o!'arruagJowdehpd'u:ebae!

a. wht t!to@ o! Er6 dete on bcluder?

&!: a) Dsdipdor oi goodsb) vdre o, hpuG md wh*€ ippticsre duries ind r*8 (orher rhin var) plid

t I€n ui:'6 vatu€ addjriono sde pnce includbg durie. .nd rd€r.

o, clxhh-rh.' dm. dmBror o

1:."':":.-.*-..*..::rflj'::,:.ti$1**, "

' -T?;T,lii,:1",' :T,ifl l.'i"',#*i"",1"jH":fr --Tffi ?::,;rH:i:, T#IHJ, il:r"i:i*g';1"y;"***ir,lt':i:il""l,; "::"J

:::*"..;;.;*;;*:- "-'

" i'iii--r'^Trii ""$f;:t:il1*i'*r'll;*1f;"" *j::...T.jl,j*s:tji-aiurituedir"r;L&st,he:Ktudhq %lus ad€d h sd sp

lposs or 6upFr€henrq duty und6! *"r.r sror ;r rLj"

For L€v.r-II (Evo.lnr shttt)

6wdlt m l,F!c.hl..

cE{i'''rlu.tdd.dtadd

(r) rd a.hi.vdhe objdive6 dr

l6h6nlaiyduly,where

(2) In rh€ ev.ni or dy chanseIegiJd€deenon3l:ll!!5n'il

beror.?mrling&Floef*d€chtlqeddshalrpaylder'a5le

(3) wner n .pFd! fton bleiq

(a) v,lue beed ddda'ion or 'h

c}:''h'Y.lu.rdd.dTuonl.dc..

ar suppry dige i rb c4e ot 6uppr, or uy good! uih prnlrirlg on d(b) Produc€n oi hpon4 shal

upPlenenrary duq

(b) Prcduc€s or inpon.a shall

n.ryrtsuchhif()n

(D Ev6ry $pp!6r ofta::lre g mddrd@4%dntuulr(2) rhy peBon 6sjd ro rhder

'u shax have ro Gsde! wj

1'3hall'eEisl€rhjm

@a)a dscrdarion abhnq (he pbje rnn6r ot rd piyhanr wih

0) Any.€sidersd pdon shal

io! $pprd.nrq du.'. .n !€!ic6

(a neslr€red F€non 3hrl dersmsrcumdhRo\.lo|

goo& rhan pdy de ru by ldjud and tor dl! pwle

(3) wlen varE added ru b . saind supply ot sodd. o:n (2) or (3) ot 3ddn

o) EEry prducsr, m.ndatu

(2) a p€en sho snppri€s or et}od aJl{ buyhs !rcducinq d mdure

(b) Miin copy or cunnr accounr (sh€re appricall€)

6@'

(3) P€en tuppryhs d €Fonin

G) Fisrddpco c.p, or &&ury cutrn (it applc$re) 5 a prdo, o,

(bb) Biu orenrry Elr'6d 'o

purch

(c) AIy oder dffen' dsmrd

€@'del ue dPlJ,cd|o sde'

(bb) B r ol enrry lebr€d ro Puche(c) ?hy orher dxms deremfi

sa$ion: luly Dee0be/2011For Le|'rr (cvort.o shth)

noldcd:0lrld.EF6rAiuF

"#W'kffi'O VAT s mpo5ed oi soods and seec€s at import staqei manufactunng, wholesaeand

(i) A unifofr VAT rate of 15 pefcent sapptcabefor both goods and pryices;

(ii) 15 percnt VAT is appliGble for at busine$ or industnat units wirh an annualturnderofTak 2 milon and above;

I /1 -" no?er ta, ar *" r"!e ol4.henpn. 5 te. aote flhprF d.ra r.,nove. 5 less rhan

(v) VAT sappl@bletoal domestic products an! seryices with some €xemptions;

(vl) VAT is pay.ble at the tim€ ofsuppy of q@!s and *Mc!,(vii) Ta! p6id on nputs is crenttnbte/adjusbb e agajnst oltpur rdr;

(v il) Expon s exemp! 67(ix) coftage ndusHes (definen as a unit wth an annua turnoverm I on and wth a cpitat machin€ry vatued up to Taka 3,oo,ooo) are

(x) Tax fetums are to be subm tted on monthy of quarteiy ornotifren by the Gover.ment.

(x) slpprehenlafy Duv (sD) i5 imposed at o@ and imporr suse1991. Exlstinq statutorv S0 Gts are as folows:

(a) on gmds: 2004, 35o/r,6sqo, 10o9o,2s0ot & l5o%

(b) on seruicesr 10%, 1so% &1590,

Tax Aae tor VAT:

customs Assessabte Vatue +

.-. 1

For Lowl.rr (Ev6nthe shtn)

4 G@ds (manula.tuinq): lPrcducton con + Pfortand comm$ioi (ifany) + slpptementary dlry (fany)l

^. r-.? ts r

b) seryc6r ltota r<etpLs excud n9 vAT but indudinss-ppterenbry d-ry ('! a-nl

, ------Tru&a!e4_ErteffLtdJrl!4.Atl4!!!otr: I- lone o- the.aes or qoods d o rtu'cestix-.1 produce6 and * leu face difficu ties in avaitng VAT credivadjustnent facttj6 due to

ion availabiliry ot invoices from the se l€E ot npur. In order to remove ttr s ope.ationald filcu ty fixed bases such as 10o/o, 25vo, joa , ard 6Qok vatre addit on is taken intoaccount tor calcuation of vAT for a nuhber of loods and *rvces, In suchcrcumstan@s net vaT Ete for drfrerent Bie5 0f va ue addton coms to 1.5yo, 2.250lo,

VAT at the whd€le and retall.ti.e: In case of whot6atersand r€taieq there isa speciar protsioi for a 1.50,6 percent vAT known as T6de vAT on the lotat $te,prcv ded that the whoree erlretailer do iot avail the fac ity or inpur cred VadjustnentSuch tax s aho colded at the mporr srace frcm importers of fnshen !oo!s as anadvance trad€ VAT.

larlff Value for lm@.ltlon of VAI: Under the VAT Lawi the qovemhenr s€mpowered to Ax Tartr Value fof sme iiems for the @ lecijon of VAT. ExamDler tar ffvalue for n ld+eel products produced f.om imported/ Gally prclfed € ro labl€ sc6p5is TK 4000.00 per MT. Nomal VAT nplt cr€d t is also not ava lab e undef th's s-yst€m,

SCIGEO!_0ruAI3t_tostc: As deduct on at sour@ s also ofacticed n case of V Ton certdin *frt6, Govehment, Sefrl-Goveriment, Autonomols Sodi$, NGO9, Banks,Insu.ance Companls and Lhited Companiet are authorze! by the qovernment todenuct app icable vAr on the se

E!cjgD![: At pre*nt qci* duty appres to onry two ]tefrs: bank deposits anddomesuc an t cket (R. 250 perjoumey).

s€sion luly o*ehbe/2orlFor L€v.rlr (Evsninq sh(t)

,ffiN*o) Prcdk* or handeue of bEbe

ftd 0b b,rDn 6 'eeiner unde, I Na0ma Bd,ndRo$c1N3R) thd4h

d r$@ d td|6'hi^R;

ffiH%H.nt#i::#j "";.1$,m:::r. ;:i*..:, "*-trd,!fl"Hfi:ilHhii:fi l*.ru;:mm,r:.r;rffiri"fl*

' ffijrtil.f:"q*'ffirsj$ trtrF*ffi,i"'sfliis.'H",1"s#:i i

g*Y*tll$&,'""*"' a.HNsnd,o.ee,yro.ntr*b,,urnd.,bx? wh! L b. ontElii! .dhor|ty ?

g* sr*:*n*'fti :ili"';l"".t'.i::r-"1d"" -",," ", J,h;; i; ;t;11:

o, - *,lla* t x aga -u *.-"i

one D"3o. d,a ci i

_-:!Er,!ead9!!!r jq1€5!a a99!s_ l

se$ s: Ju v o*mb..2oll|.iLMI-II (Et nrns Shrtt)

dE,r4!€i!!-

a. wn t pd. .E b b. nrrdt..d by

d.|yburgbr.i96oi'nlom.Mu$i.17^'

q whb.' bmv.r d 6i D. rhdd.d.tood!9!|d!U,'|yo'9d.r&a|67

o- d.* tomow br ot. oarn bx Fiod 13

^E rax Fiod oi b..iio, q!,ned or

rcddy tr.urt de*id5 o $e 6n4nEne ord*b.didi b: cr.lbd @ 3% on $e rumdt

a. rt lt tsy.bl.elii.hn.nt {t) d.rruh .rr.d r

.h.adaen,tyid

e, on FEd .ir.i.d ror tumv.. b d.in

smpr.o .od d.a*bd die (DEDo)

a. o. dr.d b. ..n.od ror bmE. rrx

Fy vAr @ r.5% or N'@er 6er bx p.yognr

a. hd tomv.r br Eh.d mrtun on h

de9l0l.p,e.5,bdoiddruloit@Ued

Sson]JuyDefrber?ol]For L.rel-n (Evonrns shifr)

a, wM 6 mon! vrr dmr why ir l!

deFsc, adjlneits, ba ance, er to he d:

sdon L: E.frdo.. e4"xr! wlrr

nobrctonGigen'ttrfrv.!eaddd bx or suodmertary duty wher

(r) me s6rd, $rcleh eRd odd ei

i@*ry.nd}lic|€abItyofb:Fye|src96enbtons'

dmpr'dtuedddbtolsu@|€ftnbrydlty

qtrd n@d or apgy of.ny bx.bre

olsu@cftibrydltYfuespplcde

sdion35|subnl.'|oho'rdm3

nd]nqhtstXbbrtyUnde'lhE,d

rfut 22- ^@!n6r4etn€. I

"d,v.

(a) a@uib bk for prdse; rtondEn rcbdiop!d*of l.Ebeard €rmdsdsi6tu M6Mk 1622

(b) a.@unB h* ror e6 idomar.i rcbrd ro oppt or b4de rd einer eds dr

G) Amunts b.ok ro. cha ar P{i

s6nnr lury.Deenb€4013F.r ldl"Il (Ev..lm shlit)

(d) cure buits b@t |!ds depoi nro r.*!ry,

vl3t00oo/0r1 1 ro' v r rrr33/0o0o/0r r ror s D s so.de aid ul3r/0000/042r ror s D

ierd d d tu ftrh n9 @kriq d.y b(h) ne 3o'd 6 drc .pp eron oi

Rtrs i eb tuk (D s @nddo or eetuaroi or

(r) aiy q *d F's 5hadlhe@lu*.'nlhesuqp|yo'gaGo'.ryh

Ftbyhmbyhnolanykaaryde

3#Iosdtlt€ of Ch.ri.rd S@tari€. ot Bandt.d6h aICSBT

s6s on: luty D<2013t r L.*|-n {Ev.nr.{ shn)

CUSTOT|S ACIInttudldon

The Act:

The Oftoms Act 1969 was enaded to consotidate andcorr€(ton of customs duus and to provide for othe6Custohs Ad 1878, the Intand Sonded Warehous AdTadfl Act 1934 and the Cvt Aviation Ordtnane t96Ocustoms act Gfre into fore on the l'- lanuary 1970.admnFtction is baFd on the customs A.r

The Ad 6..i3tr

Th. a.t @v.E anond oths

. Appointnent of Cunm5 Otficrs> Dfttaration of ports aid aea tieeof> Pbh bttion and restdctonj, Levy of or exemphon from custohs duti6

i Ar val and departure of conveyance, Di*harge ofarqot O€arance ot soons, warehousing. Transshpnent, Transit tEder Frportariont Pfovstons relading baggaqe, p.ovis ons ret.bng ro cosra qoods, Otrence and penattrc5t Prevention regard,ng smuqg/h9z Adtudrcatrof

, Revsons and mi*[antuus rutteE

amend the law relatjng to the ew andaried matteE and as a r6ult tre sea189t the Land customs Act 1924, thewere elthef rep aced or amended TheTne foundation of the enU€ Customs

3#&"SrbdclEi . Fi6t *hed! e sreatedtodutvlr Third shedu e os for the provisions wh€re ruls en be made

' Fourth rheduleisfor the acts and ordinance emended or repeaed,

H.monlzed sBten code lH. s. cod€l

Asesment of customs duty, products are gilen an dentfGion code that has code to b€ knNnas the Namonized system ctle (h, s, c-ode).

Th€ Ndmonrzed s'stem cole (H, s, code) rs an nternatonan*ebped and the ausp ces of the Cunoms Coop€rat on Councl.

IndMduas colrntne have extended it to elght or ten dilitsntematjona trade statstiG purpos.

Banq adesh Customs Tanfi (SCT) les 3- d gits comnodity codethe FBr schedul€ to the customs Act,

slx dlglt commod tY classmcaUon

for nationa customs ta.itr and

both for import and €xpo.l caled

IE!Cd-aCIS!l4€ns $e dub4 laid in tne clstoms tanff to which goods are Eble on entenng or eavng the

9!!!9!3![lU9Eir customs Dlty (cD)r Reglratory Duty (RD)r suppLementary Duty (sD). Va ue Added Tax6 (vAl )r Advance Trade VAT (Al9,r Advance Income Tax (An)

c & F (con .nd lreight) valu€/ cRF cost/ Frelghr Rate:(Cct ot G@.15 + Frelght Rate)

cIF (co.t, tn*6nce and F.eight) Valle:(cort ot c@ds + hrr.ne + FEisht Rat )

FoB (Frlght on 8@rd ) varu€ = (Co6t of G@d5 onty)

..#wAt tne dmc o, dstv €ldlatidrD* ded vatue - (c & D or {FoB}lcIF value= c6t or goods [{c & F) or {FO8}l +c6t or 10,6 of cost of goods)

As*sebevarue= clFvarue + 104 (Landin! charce)

alscE -acrcD)

1.6 or insurane wl be added. (Adua nsurance

RitBr*Pre.€nt CD rattA$69br. varq. (Av)

aq!EbEr-01&ln0)

As per 1" sdrdule of t]le Customs Act

0.k,3'h,59r, I2'h, 1596, 259ocost & Fie tht + lnsuEice + bndin! charle

5% lf Customs ouq (CD) rate s from 2590

as per sD *hedu e of the vAT ActA$esble value (AV) + cD+ RD 0fappl6be)20%, 30%, 4s%, 6( , 1m%, 2r0%, 3s0%, 300%

At an unirom rate of 1590Asseble Value (AD + c0+ R0 + 5D

(A*sbLe vaue + co+Ro+sD)! 12oolo

(Goods value + Insufance)* 1o4

supolm.nt ry pltv (sDl

Vdur-Attldlllcv D

AClllslsDddlAlD

Adv.n.e rrrd€ vAT lATvr

tSL*Eie-CtrEg

prtuln*ltute ol charter.d S4et 116 ot BiMl.d.lh alCSBl

s6s mr l!y D@mbe-013For L.vol-ll ( Ev.nlng shlft)

subl€ct Codo r DIT! 202 - lNuRrcT TAx LAI'\B

CUSTOMS ACTIntrcdu.tion

el&-c.lsJllt'!$

D* aEtjon/ motor vehrc € xrz, 32c,o c.,or duty and tas c0'2s%, sD{5%,

Ws!!o{ Ea-CclE|Id Er!.,

. Reeuratory Duty (RD)

. suep amdtary Duty (sD)

. va @ Mded raxes (vAr)

. dvan.e Trade vAT (ATV)

. dvan@ lnohe rd (Alr)

rt th. tln. of duw dl.uladon:

l|l4aD5-e$g(Jll

Bd!b&d.D|/!ll0.)

5!Idcit!!!!q-9d lll

excharue Ete : n. 31. Rated(ni6 and t re whidl s

D* ar€d value = [{C A F} = Us I 40,000- 31= 32,.fir,0m

oF vaLue= Cost of gc.ds I{c & F} 32,4o,OOO + 1% of r@6nG w'll be added = 3?'72 400

Areeb e var€= oF vale 32,72,400 + t% (Land nq.ha€€) = 33,0s,124

@ 25%on 13,05,r2a - 3,26,231

e 5qo on 13,05,124 = 1,65,2s6

t.' -l

,s oa 50 <lredu e or the vAT A.tassssbre v3rue (AV) + cD+ RD Or apoi @ble)

@6s%(33,05,124+3,26,231+ 1,65,2s6)

#re"vrlu. Add€d Tlr rval)

arsesbre v. @ (Av) | cD+ RD@ $qo (33,05,124+ 3/25,231+

/:'-\at an m fom rate o. 3%q,iAssebe vaue + cD+RD+sD)a 120% ekcudnq

rcseebre va ue (Av)+ cD+ RD + 9D@ 3% (33,0s,D4 + 3,26i231 + 1,6s,256 +

rotal:326i23r+ t6s/2s6 + 27,92is30 + 14,63 414 + | 65.256 + 2155'222 =1 52,€A]69

J{*#'h.titlio ol Charte.€d S*Ebi6 of aardlad€$ IICSAT

tor lel-Il (EE.rng shlit)r -uqect i:.d., prTL ror - rNoFEcT TAX tA',l,s -------l

CUSTOMS ACT

h genebl the wdd "custom" means an 6r.b6hed sd practice of uireEl aceptab ry rn mod€nprad,6 Custom{ n@ns b.dl a b on @mmod 16 enterng or €v n9 tne @unL-r an! an estlbListrment

5 thu5 a $urc of ntertu Bt'rur on to nobitne 5ud1I only a sou,@ or nnan@ ne€ded for e4endru€ and devetopment but

nternat'ona gatsay ror harmony and co op€6r on, deepry ntedused w rh a en*mb €m for portcul s, h sh y expos n9 d,E nanown6s of a naiodl b.ms

and a syhbo 0f p@er, 5omehm6 ol absorute power of far r€chng cons€quen.6.

FudioG of cuaom,

Customs n the iront 'ne

of ihe @untry conko 5 the m@e^t or q@ds. rner, at tfe $m€ nne, @ ectu€se or conro rhe mp.rt and dpod of un wanted qood5 To o ed

duty and tax6 and to d rdraqe or @nrro m waded sood5 osroms ererc* the oower and run ronsund€r "the cusioms ad 1969" Alonq with ths ad they a$ Fdom ther dunes

enLastea td thd under many othef Ac6/ ord'rene and Rues Amons nren mpotum on6 arc vaueadded Ta! Act{991, rhe rmpo/r and Export controt Ad 1950, dre Fore sn Excnange Regu ato^ A.t.r947,Narotic Contrcl A.t'1990, Mercnandie Mans Act,l379/ pateit and D6qn Ad191t, Expt6,€ c.nLllAci 1334, Ams Act.l373, h@me Tax O.d

^arc 1934, tlE LN6toc* Impoftatim A.t tBB9, nE p6t Ofi e

Ad-1393, the Pelrdeun Acr-1399, ttB Detircnve l6a-s and pesE Ad.1914, L\e Merchant shppLng A.t.1923/ t\€ Lisht N@€ rd t 921 and rotecnve Dut 6 Ad.1950.

pbhrbrd.n .nd R€drtdton of rnootu '.d Et...t:

Ire 'mpon

and exp.rt rc9m6 are qune beral and exept a few a I type5 or qoons are mDoftbte tn

shug! ing, dantenane of kunty and publc oder, keepns of the sb^dards of d@nq a^d hora itv.1osL1 {eg.d{,ra o' o,ld.d.... o.dReor,e

pract@s, etc. seven ca$6 of g@ds or sp€rifc d*rpr'on have be€n odhbred abetutety for mmr

..de s'or (u i I o, Lhe rlfta-d LIfurco rrr, A+ rbloo .r3 0r the F.reiqn Erchange Resutatron Ad, 1947 appr es, aE demed to be qmds of whlch the ,mpofr or

cred ub 16 of the Ad and al prcv s ons oftheActare a$ efidve {orsud 6ss. Apai rbh tt'ee rats, dffieG of dsbms a€ rcquned to e€rcGe.hek owr rtre impon anddlod of q@ds prohrbired or erdea undef oher rc namety, Ams a.t, Exot6ve rd, lterchaf,dieMaris Adi Desnu.ii€ rns€.i and NaEotG contrcr Act. 5h .dy, q@pt for a tew teds, exrDrt ts fEy

pob .nd T.:e. c.rreted 6n rm6* & clmn:!!4!e!!

lre F.9 1 oc 01 odr r m--d ,o, o e,@-ed. aon Go.e, _r. Td, o,

FF*xenpr fron the whoe or any Fn of the cusromsjurG ctDrcsbre dn

9d5 'mpqted

nto or door@d frm the @untry (u/s 1e). For er@ptonat nature g.€rnmdt hay dsprspd fic sods trcm |}E pay'ns duty (u/s 20)

'l]jere arc as maiy as 3 tlp6 oftax6 and dut6 o mpon€d qoods. iiey are.

(al c!tu dtr (cprr ,4o.diig b.cutums Ad 1969,,al g.ods ,mponed nto 3an9tad6h a@suDJedbtustomsdutyatsu.hEresasarem€ntonedntheFrsts.nedtrteofuEActru/sl3J.At

r2vo, 5% and lhe owet rate of 0%. the Er6 of .usroms dut€s for a .frmon d5 arc fxen bv

(b) s!mr.n6t!N duw tspr: LJnder the va ue ,nned rax A.ri 1991 the go€mment oi ihposeds0 o1o1. go.d. or Jd$ o. oood5 d a+,1, tt@ aF aD r

Ld.q f, (l<0%) de lb ocDoqs.

G) YtlEldddladvap: var s mrcs€d s a noqe rat€ of l5%. VAr 6 appli@bte on a m6t al

.d !q!i.e+p$E +{aql 4lr s ,ry,aore o, a,roe d T.,rrcd{

(0

to mattrq of rh€ mporH g@d'R.re of IDSC at plgt 6 4% and app @be

ov ilA goldn6l ro,o'{r omelr 1p4f pst (rdrd-o1,o,m.r@dioi rrom lhe y€r 2000 A( pr@nr bE rate or Pstsc,! r%

(9 qEf-ltl! v,rr dlasor" d p q -e osdm o/ he cs' a@1 ro ctucn6 or rp.+d:"L-:[:119;,

.'. . u. . rc nr oeo ,nar o- ; " ,i p o;

(h) iij1ncqjrry. v r r.rvr: adua y Ur s var 5 hFs€d o^ me scqe. cur to se $e ole.rion

;tr#"",?$:"{.jT,lT,f,::1ffi atethesnporl srise a e@ds mpofte! fo. .omeria

q!!t!:

Atpr6enti.6te of dut for a Ldpofted so.ds arc f xed as zeo. s! eoms expotrd a€ctbr4 \o h4 ddc a@rc.191 dgra.spddo-,q,n ft manuracrunnq of dre e,p.rted so!5 are rcrundabte.

coh.lbn6n ot pldc ,nd T,r€:

i te do 2r') or f. curroa! ad %9.^v..on;,_ob,,0.e..gcaI**","-ni*i::i-.T;";:,fll ;:ji:::'"';,:*.:: {ii"' ;, j:;.".;:,i"";"1",.;";.:r,;:i.:;,;".;:i

3{#"tur amount as pa d by hpo^er and a .nd n9 ctE|ge of t% of cIF (cGt/ Insu€ic, Frcigho d dalamount Fid to the @t aultEit'es s ar$ add.d.

n€ ldwnq u$Etion may be ueru n the ccllaton of dut6 and tax6 ($y cD:2s%, sD=25%,vAT=15%, AIT=3%, IDSC=4% and PsI sc=1%)

Ebmp e: For a cetu n mpori let c&F ost s 1l 100.00rneGne @st=ft. t.00 ( lq! of c&f) or adualLandlns ch3rce = rk. r.01(1% or oF) or ad6lAssesebeValue= Il( 102.01or about 2% abore C&F. trren.

a. Co: CD 5 omput€! by taknq the appropiate rate or duty ftenc, cD Ete s 2s%, ltr€ CD s 25%or Av. so, 25% of Av s llc 25 sl

b SD: So s ompuftd o th€ tota of asesebte vatF a^d CD (102.01+2s 5!), s zss So wi be2s% or11( P7,63 whch sn.ll.sr G* 25 (1) of customs Act & sft s,7 or vAT Act).

c. var: va-I k c culated on sun of AV, c0 and sD. rhus, a vAT rat€ of l5% of (i( lo2.ol+n.25 50+T1.31.33)=TL 159 54 s Tk. 23 93.

d. An Ar nthsexampewould be3%olrk.1020l, wh'ch amounts b n 3.06

e IDSC: ]DSC s ako on ttu as*55ab e vatu€. A.@rdinsry it wturd b€ ft. 4.03

p@rnrnq to dr€ @ rulabm made abov€, duty and rar br€k up rd an ,npod ot Tk. loo oo (caD GcD = n( 25.53, SD= l( 31.91, VAT= 11.23.93, Arr= .Ir 306,IOsC=.I]( 4.03 Sothetotaidui4d

nh. *h.n duty & brer bons pay.bt.r D-1d1o td,4 D" o- e F!ao. ar rr rcre app @ote o. Ic.orl'/'o1r slr 1r dle. r am\dto,+.@v.Fre l!B/E,prc*^ted b€forc aniva of the @ , 31€ rcrdant date s whd nre oods an re. tn 6s or wa€houe,dLs becm6 darabk d r\.,4e x doro-1.+6.e.oFd \wor3o1 an re b40 6 €vabe ol r&

cushs duty 6 Keived n the qovenment t@5ury r csh, bank dEfi or pay oder. Cheque ;nd bankI uaante are a s a@pt€d n ced. n 6sej, f app.ov€d by r,1r€ appboriate otr c€t aurhd rv.

F.m d6 9rlor t6 ln€ L.d!ftnt of th. cood. ttd.r.!io: B.i9rad6h custom iaw derne rmponqd]feL L4.n Ydr6r drc @Ro1 ,.Fd.Oe rmaadem-9d)b-Fnu@-.edo-/a,dedsd<

_atu'q de('u 5 j01r{ o1d ooa.e5crcrF4.!.nI r D, d dm( sr'Mr md rf?! Td{ ( 9J.1rd b m. applprct ofieor usro.<. 10 eidor.roo-goodr k- b" oaded o,J, oad{ rJ S S0 L Ir 5 odd,g a-d n oco19aG reaa ry to be preeded by the submiss on of dre man lest.

o'€qtry^b , o' flrr/oDl d" p r a|| re tunori doJs us 19 Asllr, -,56t4_crerottf( are *b'" F{ p ^d . n @ dgn"d

1r\ , trda os or odrd e..1. tu.,oT^ ro. Brur! e( Lt*.o.!transm $'on or B/E Urough Dn has a $ b€s ntroduced De/aEtrm are submitteO rn sngte opyaccompanied by cRF, Lca/ Lci af way b t/b r of radns/rlck cha ran, ;suar:;

lffi*r*pvder

^d.e/ certricte or orqni ndenvpbrorhi nvoe, ERqlRc (Expot / hporr Re! siratie

km@te), iterature/ 6bro9ue and €nd of authorry, Ii eme c*s ffe otMr addit'ma d(umenE,Emery. mport p€rmiti dpy or uhrizho D436to^, cunoms pas bot ExP-Fm (Epoi( Pedmanc)

nsted bv rhe @n@m bank.

Pnundon of brll 6r .nt'v-Ih'd/r!m|t: Ine pcparanon or bil or sry G nma y dom by d1e C&Fasents Fq @sy iddttioijs fiv€ ortur banks.rc o€d on fre iop nqht offi of b, of srv.

2. Impot (sassaqe) wh te

4. warehousing o^td B6nd)- Ye LN5. waGhousinq(Ex sond) GrM

cooT s\,F- F. of q@r ' Bc q,oer 11 .r 5:,iea an qmo.mDorted and e&oirca from the counfty are dennf ed adod ns to the d€so pton of the ommod t rn thefi6t sdiedu e of the customs rat, these afe showni aons wrh the dsr pton, srat sto uftti and Ete of

v!l!.sd of Good.: Fof ttre pumo of ooods, GAn va uarjon or nc orentrcduced by wTo is forowed. GATT var@ion s ommony kmwn s tGns..ton value Ii 9ft6r,

y p. d or tsyabre ror rhe q@ds bernq va u€d wh€n e a /o' eioon to the@unEy or npo.taiiotr onditon or onsidednon wil be ncuded. Iftan$dis va ue 5 not ryailable o 5 nor acceptabre, trie asrffst ped* for riwothe nefr.ds of detemin n9 o$ , €n€ly: (a) dF hne.1'on valueor rhe g..ds 'd6b6 b dr€ eoods be ne € ued, (b) the rank on Btk of soods sim rar ro rhe qo.dsbe

^s va ued/ G) the d€ducnve methc., (d) dF @mpuH value method, and (e) ttE Ya I b.d m€thod"

E! 01r}t!!!!tltuS!sdri To detemine .dren Hs .ode, aclua valw, preHt d of smuqq m9 and m $de a6rion, smetin6 so.d5 mported d to be exported a€ physicny 6mined. ftev ous y a mst a rheq@!s were esmined But under a ne pdedurc or impod dearan.e, 9s% of the imp.st dnighmftt! arcceared wrtrrout phys6 dam nation, 4olo are examined on rcndom sdion and l% s d*ded by the

Pb-shlbrent lh.!..ton ptu edur. rpil): Ii the y*r 2000 GATT vauaron 5ystem had been

'nLo!u.e n Sansadeh ButatthetmelF€.ustoo5adm0srratonwasnotfutyprepa€dtrop€wrhthe

system and the va uat on data bae ^eeden

for th s purpose was irt €ady for u+. soi the goremmenrd6 dea to

^trodlc frandatory PsI system on a temporary basts as a stop qap aranqement. pSI Crmp€ny

was gven the task of isumq o€n Reoo/r of F^dng (cRF) c€(n@te, tor an mporca ommod'ry wthme excpton. h tlE cRf drcte PSI Como.ny Ded6 spe.fic nfmano^ regardrnq quanrry,q6r'ty, va ue and mpo&b ity of tre q..as. In't arry dE a.t 5r o! ared thar dis ertjfr€te sha b€ rhe bas sfor assment or lt€ mmodity. If dl* F any eq( mate d sepancy or atry omsd d any th nor wh choi

'nfr@e frpotub ity, duty and tar6, tne asing ofFcr cn €ld vE ciF and ass the

conmod'ty 'n

th€ nomar p'6 uMer thE rysrem 9t% of ure total osqnments are ddred w'drodem nat oni amdE tne rcst 4q,6 are *fr'ned on a Gndom and r% s etdted by tr€ comm$ o@r

trd.m6t ot Brll ol Enrr: pre*nt €! statve ara.gement arows c&f agent ro Ar* 5 rE B/E !o thecustoms adtDnty but, t s mandatory have ssnaturc of tne importer on the faG of tr. At present

entyatatherourcustomslrou(.rouney or sr or Eftiy s shown

'n the attadred shee0 In short, at r 6t tn€ B/ E s presented to the pre-

"F#"e^try manifd ci€ri frion, and then | 5 prented ro rh€ daia entsy d6k. Data Entsy dek entered ar

n the 6mpde. A odsnent d'p s I'ven b the c&F ag€nt as a pdr or reiMngof rhe 3/E. alone wisr allilF submitr€d dtumenG a p. nt @t.opy of d.e s/E is qd to s€ asentson Aft6 asnd p.id olt or assment shet s s vs to tlE CAf asst to. parm$t or duly andtaxs Duty and 1316 arc p.id n $e d€sgMted bank After r@vnq or th€ p.nert drp aoig wtn theasssmst rc!@, the q-ds mpoftd shan be ddrea tim $€ dstoms port wisrin diirty day! n d* otcustoms a r port wifin Mdty one days. If th€ rmpqter fa 5 to c@ tlre qoads witt' n tne nipulated p€nod,gmds may be sold by dl€ tusoms authorty

to* d.rhn.. audltlno: As th€ pmces or goods cea6nG has b*n lmp fied a^d : numbs or sbgesrc abd t0 liuman inbrreHce have b€en e m'.ated, e the need or post c@Gn@ aud t was f€lt. So thelesa framM{ for post c earanc audtin! was ns€rted in the Act m the year 2000. rh€ pdedure of pctcleaGn@ was be nq develop and s be nq us"d by .ustoms dff'. a s cGloms va uation offie has ben gi€nhe rc50@5b t of P6t c €aEnce Aud r.

TE tm DGwbad" s app €d to an amount cusMtdlt'6 not exceding s@n eiqhE rcmin€d n pa'db.d on the qpoctm or tt€ mpdten qa.ds on whLd, rhey werc ld ed an! pa'd @d er. the Ph @phy

Th€ dblect of warehous ns 5 to secure to go.ds the fi{a trcatment tlrat a t x ousht to be lryied at n€ t me3nd h the manrer most onven ent rd it5 payment Tne warehous n9 sthd€ tr.€ ra. ty or detu p.yment ot.ustnldur6, vaue add€! tax, etc eMable on the so.dswarehous€d tlltE actlald@fan@ of ttE sne lor home onsumpton ot for rc€xpdtinq them to forciqnd6t natons rre or dubes and taxes noma y wth^ a €r dd fixed by nre gdmment rrcm tim b r me,f6n llie dals .r eidim or rJE warchous nq bond The warcheenq rac liti6 allw an m9oftr ma*€tnE @ rer or U'e qoods s p€m tt€d orerat ds on rh e qo.d, in ttE bonded warehoue and m anltacture lo,ll€ oAod ma*et widbd parrnent or duty. Warehous nO lac b6 ac a€LLabe mry at pa€ de.la€d a5w.rehsnq si.uqs by rlte NBR. Tm ryoer of waEh&s may operat€ in sldr d€daEd wa€housng

ehous and onvate bo^d€d warelitud'@ wh d are rcmdv state owned @ted n the cu*omrhous or rn the land cusloms stat ons. frNate

ng trr" 6*'s own gd' c.nm $'o€r drclstms s U€ appd no author t or bonded warerEues L@ne L@s a€ sGnted rs a perlod or Nyear to b. rentued annually (!@ 6 lrabre to 6nc don for cdvction of tnell@n@ of any otr4 u^ds dr art re atmq to wa@house d for a^y

'nf.'ngsent of any condit on prcv de

lnthe icence To entry q@ds rn a pr vate bonded warehouse an ii to b.nd 3/E c submitted to dre customsauthor q at tlle

'mport n9 plac€ Aiter a+$ment of the wa €hou e of 11€ 90ods, the Dwner by e€ut ng a

bo^d take5 delvery or tlre qoods and cre the 9ood5 to the wafehoue. In €se of home consumptonbond lhe owner subm ts d bond B/E for the raw matef a to asss dtrty and taxes Afier ase$hent andpayhent of duty and tdes owner takes de very ol the soods rrom the wafehouse and pio@ds formanufacturn9. h strdr 6s* bond

^g per o! E sr fronth. I^ case or dpoft ore^ted bonled wachous6,

afrer p.ees nq of trre gmds trre owner sends r to the oae of dpotuobt n a ut zauon delaration rrcm the con@med authq,ty ror tak nq de @ry or Ew matenals rrcm drc

x@fts a utLiaton lm$'6 hav@ 5tFs auttror ty. For t'e qpet or ente! bonded wa rehou F5, bondins psod 5 l3 month. An nua aud'tiigof a dE wa€hdue a.tjvitis is do^e byfr co@n authofry Re6ty qov€mm€nt has decded to 6ni.ihome @nsunptjon warehoue lcen@. wareiFus cence rd erpo.t d'sted ndu5tri6 s qranted a5

?ffi"' uade tucl BJt rh'5

,.@,o- o.;e f 6.d}€d4d" roep4edld'r'r

!d!!!e,leo!&-r!C&!e4Crtutrr o'e,@ at <n1 ca o' d ' dNNY or le 'udr! ad

smd'no, tuaqd d duty. Ltae o d npo( o A\@1rad"

*t.i"oJq-*os5lrcntfu'!adE'h1'h"na1f6%d9o.d5''oam. ine n,e.me neroa are d e d..e J d'' Aa Ad cusion' ole16ae@noe@ uT-.".to" ris

"i tt'" A.t,

"h"*i" pL

" shment aqa'nst ea.n offe^c has ben Laid dfrn' M6t of th€ off€^G

:;" FD A(1 a- -du!.e\ p.r s dore'n tre d.harenb ptN'no 4 d -d ir 4 ore' 4 d c$ r"bol ol@ d vaq {'cte T\.F cie. \o@e'. se orec!sI- a'e

*.,t"ui - o- n" -r... -,tonq dn No!1o!'ar'pu-t trc't'd' sr'n'\ Faerea zrc

lir.r -.rsi"'. "r qo. .o'" on iie dP-d" (d) rp smcn

ad (e) fim 'm@ed

b! a mag6tate

Pc{!rd-&t!4llati!!r- o o t sron o'a@'s ard mcid o

*i"i ,, o!#* ' -

-* a,". ed5 s€donr7eoittsA4+d*eddLdcdo'eou"'db"Iiilil

"i i"it"., *t* t" * * oit qood. At Drsmt cmm6s o^er or custdris has power to ad)udqed

iii.'"c"*!i.*,ru6*q,Etbat,lotadJudidnonofa^yoffeii..r""o" ^*t u. o*" "t " r€$iabre oppotunrtv or b€nq h@d But' th€re arc provsms or

',i.:- iii'a,L,.. rr r'" .-'o" q * - ",r x on o' on-;e 5 dotr d"t and -A 4'r' a@dr Lr c

;;"*;",*"'.",.r'|cld{L\'iDfili

"ir,.^ i-'q""a, ". -;h"*ed, anv pack q€ d oths dtst $eimr a^d the @^v€van@ are a $

A!!!.h

;;;;';;;; ",r"'. 'r.* "" r\ -an F date o i'- €''o' d q@' 15.'e6A. tu.ao'rd

.ii;i-,o^"" o'.* "' -, oFei otr @ d dff < 16

^ n he cor-Evo'e or

'op'a u5'''

#;K:ffi } iilr."; **:$[l]if 1i : T;'n e,;'i, **i""fiir;nNimrieidsd o app€a ed aemr Anv p€en^aeqr+s

m:, m7e. o- dppd. io -rc q 9F Cd