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.