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Asycuda

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21 views2 pages

Asycuda

Uploaded by

mondol
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Customs Bond Commissionerate, Dhaka (South)

As per Customs Act, 1969, 100% export oriented businesses are eligible to get bond facilities. Bond
facilities were present from the early year of Customs act enactment. Initially, Bond benefits were
monitored by the concern Custom Houses. Then one company has to go all Custom Houses through
which he import or export. It was a very complex work for the reconciliation of import and export
quantities.To avoid such situation and encouraging export businesses, in November 2000, the Customs
Bond Commissionerate started is journey. There are different types of Bond Licenses issued by this office
for facilatating exporters.Now most of the 100% export industries are running under direct supervision
of Bond Commissionerate.

About BEPZA
In order to stimulate rapid economic growth of the country, particularly through
industrialization, the government has adopted an 'Open Door Policy' to attract
foreign investment to Bangladesh. The BEPZA is the official organ of the
government to promote, attract and facilitate foreign investment in the EPZs.
Besides, BEPZA as the competent Authority performs inspection & supervision of
the compliances of the enterprises related to social & environmental issues, safety
& security at work place in order to maintain harmonious labour-management &
industrial relations in EPZs. The primary objective of an EPZ is to provide special
areas where potential investors would find a congenial investment climate free from
cumbersome procedures.

Vision

To become a significant contributor for economic development of Bangladesh.

Mission

Strengthen the economic base of Bangladesh through industrialization, promotion


of investment, boost up export and generation of employment in the Export
Processing Zones.

About EPZ

An export processing zone (EPZ) is defined as a territorial or economic enclave in


which goods may be imported and manufactured and reshipped with a reduction in
duties / and/or minimal intervention by custom officials (World Bank 1999).

EPZ Provides: Type:

 Plots/factory buildings in custom bonded A - 100% foreign ownership


area 58%
 Infrastructural facilities
 Administrative facilities B - joint venture 14%
 Fiscal & non-fiscal incentives
 EPZ attracts: foreign & local investment
C - 100% local venture 28%

Objective fo BEPZA

1. Boost up Foreign and Local Investment


2. Accelerate Volume of Export
3. Create Job Opportunity
4. Poverty Alleviation
5. Transfer of Technology and Skill Development
6. Development of Backward and Forward Linkage Industries
7. Promote Accessories and Supportive Service Enterprises

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