Guidelines on preventing revenue leaks
Customs sleuths to assess real worth of goods even after port clearance, businesses react
DOULOT AKTER MALA
| Published: October 08, 2023 23:58:09
Customs sleuths get a free hand to assess real worth of goods even after port clearance of imports and exports under new guidelines meant for preventing revenue leaks, officials say.
Businesses fear it would further slow production and trade process and thus cut down industrial throughput, as Bangladesh Customs issued a manual with provision for auditing businesses under more than 200 criteria on their import-export activities after port clearance.
The manual has been drafted for the first time to guide customs officials in conducting post-clearance audit (PCA) in a bid to realise the evaded duty-taxes without procedural lapses.
The customs wing of the National Board of Revenue (NBR) allows speedy customs clearances of a number of goods and raw materials….
