Import Policy of Bangladesh

PREFACE Government is sincerely committed to fostering a delaying development of free market economy in the descend of GATT agreement. In the interest of export promotion & enthronisation in the country it is necessary to have a ample term, stable, facultative & liberal entailment Policy. With this and in moot the present democratic government has taken steps to conk out the duration of the Import Policy from two years to quint years. Efforts have been make to make the Import Policy easier and to a greater extent liberal by relaxing or rescinding the regulatory viands of the previous Import Policy. Provisions have already been made to all(a)ow import of capital machinery and industrial raw materials on consignment basis without the cover of the Letter of Credit. Government has taken steps for quality control in the import of cement, fertiliser etc. In order to protect the interest of the consumers. move are afoot to ensure that in future all imported consumer items conform to a specified standard of quality. In the present Import Policy Order second bowl over/reconditioned machinery are importable subject to fulfillment of certain conditions. Gradually efforts exit be made to classify those machinery under H.S. Code. 2.

  The main objectives of the Import Policy are :- (a) to make the Import Policy congenial with the changes in the world market that have occurred as a result of the introduction of market economy and signing of the GATT arrangement; (b) to simplify the procedures for import of capital machinery and industrial raw materials with a view to promoting export, and (c) to ensure growth of the indigenous industry and availability of high quality goods to the consumers at a reasonable price. 3. achievement of the aforesaid objectives will depend on the help and cooperation of other(a) relevant Ministries, Divisions of the Government and the Trade Organizations in the private Sector. effect Dated the 10 th June, 1998 No. S.R.0.103/LAW/98 - In exercise of the powers... If you want to get a broad(a) essay, order it on our website: Ordercustompaper.com

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