UNB, Dhaka :
The new customs law, which was approved in principle by the Cabinet last September, is likely to be placed before parliament in the upcoming session.
The new law will replace the existing age-old law enacted in 1969, informed chairman of the National Board of Revenue (NBR) Monday, on the sidelines of a workshop on the issue.
Finance Minister AMA Muhith inaugurated the national workshop on ‘New Customs Act and Respective Best Practices’ at Sonargaon Hotel in the city.
While addressing the workshop, he said that huge reforms are underway to modernise the country’s Customs Act in order to increase the trade and reduce business cost.
“The purpose of the reform initiative is to increase and reduce the cost of doing business in Bangladesh,” he added, saying that this would be fully automated and online.
Asian Development Bank (ADB) in cooperation with NBR and support from Trade and Competitiveness, World Bank Group, organised the 4-day workshop to create awareness among the customs officials and business community about the best practices in customs dealing across the world.
With NBR chairman Najibur Rahman in the chair, the workshop was also addressed by State Minister for Finance and Planning MA Mannan, Japanese Ambassador in Dhaka Masato Watanabe and ADB country director Kazuhiko Higuchi.
The new customs law, which was approved in principle by the Cabinet last September, is likely to be placed before parliament in the upcoming session.
The new law will replace the existing age-old law enacted in 1969, informed chairman of the National Board of Revenue (NBR) Monday, on the sidelines of a workshop on the issue.
Finance Minister AMA Muhith inaugurated the national workshop on ‘New Customs Act and Respective Best Practices’ at Sonargaon Hotel in the city.
While addressing the workshop, he said that huge reforms are underway to modernise the country’s Customs Act in order to increase the trade and reduce business cost.
“The purpose of the reform initiative is to increase and reduce the cost of doing business in Bangladesh,” he added, saying that this would be fully automated and online.
Asian Development Bank (ADB) in cooperation with NBR and support from Trade and Competitiveness, World Bank Group, organised the 4-day workshop to create awareness among the customs officials and business community about the best practices in customs dealing across the world.
With NBR chairman Najibur Rahman in the chair, the workshop was also addressed by State Minister for Finance and Planning MA Mannan, Japanese Ambassador in Dhaka Masato Watanabe and ADB country director Kazuhiko Higuchi.
