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DHAKA, Sept 10, 2025 (BSS) - The National Board of Revenue (NBR) has undertaken a move to introduce duty-free raw material import system for the exporters who do not have any bond license.
"We've already started the process," NBR chairman Md Abdur Rahman Khan told a meeting today held at the NBR office.
The meeting titled "Meet the Business" was arranged for the first time to get feedback from the business people regarding their problems at the field level.
From now on, this meeting will be held every second Wednesday every month.
The NBR chairman said that the exporters who do not have the bond license can import their raw materials without giving any duty.
The exporters will have to get the guarantee from any bank, saying that the imported raw materials will be later exported.
"It will not be sold in the local market or will not be used in any other purpose," he said.
The revenue board chief said that the policy has already been sent to the legislative division for final approval.
"Hopefully, it will get final nod in the next week," he said.
The bond system allows export-oriented enterprises to import raw materials and accessories duty-free. These raw materials are stored in bonded warehouses and used for manufacturing products meant for export.
If a bonded company sells these imported goods in the domestic market instead of exporting those, then they are required to pay the substantial import duties.
The NBR chairman also said that his organisation will start work for bond audit within a short time.
But, he said, if the bond system can be made automated then it would be easy to go for brisk based audit.
"The main aim behind these moves is to ensure that the taxpayers don't get pain," he added.
Abdur Rahman Khan said that the tax payment for the corporate taxpayers will go online from the next year and the NBR is working effortlessly to this end.
Criticising heavy tax exemption culture in the country, Rahman said that there would be no tax exemption in the coming days unless it is essential for policy level.
"The power of the NBR to give tax exemption has been removed, now only the parliament can approve any tax exemption," he said.
He also put emphasis on coming out from the tax exemption culture gradually.
The NBR chairman said that if the taxpayers see that their taxes are using in country's welfare on a priority basis programmes, then they will be encouraged to pay their taxes properly.
He also emphasised on punishing the NBR officials for their unnecessary harassment to the taxpayers.
Later, The NBR chairman gave a patient hearing to the businesses and replied their various types of queries.
