Gain AEO status by being compliant: NBR

Staff Correspondent | Published: 22:21, Dec 27,2017 | Updated: 23:01, Dec 27,2017

 
 

The National Board of Revenue on Wednesday called upon businesses to prepare for gaining authorised economic operators or trusted traders status by being compliant with customs rules and regulations.
At the opening session of an awareness workshop for the private sector, the tax authority said AEOs would get a set of benefits including the fastest delivery of goods with minimum or no scrutiny in ports.
The revenue board arranged the workshop, to spread awareness and motivate private sector about the new trade facilitation scheme, at a city hotel.
NBR chairman Md Nojibur Rahman said that businesses’ responsibility would be the most important and they would have to conduct fair trade for getting the status.
Selection of AEOs would be an important task and customs would have to be cautious about selection of trusted traders for the journey, he said.
He said that they had initially selected two compliant pharmaceuticals company for the pilot programme.
Khairuzzaman Mazumder, chief of party of Bangladesh Trade Facilitation Agreement Project of the USAID, said AEOs would enjoy speedy release of goods from ports in both home and abroad.
He added that demand for the AEO status was high in the neighbouring India.
Dhaka Customs House commissioner, also head of NBR’s AEO committee, Prakash Dewan said that they have already prepared a road map for ensuring proper implementation of the AEO programme.
He said that the two pharmaceuticals companies was selected for the pilot programme after thorough scrutinisation of their export, compliance, management and accounting system, transportation of goods and other issues.
Metropolitan Chamber of Commerce and Industry vice-president Golam Mainuddin said the AEO scheme would bring immense benefit for the business community.
NBR member (customs mordanisation and international affairs) Kahondaker Aminur Rahman said AEO was a voluntary programme that businesses could avail for their own benefit.
USAID and Asian Development Bank provide support to the NBR for implementation of the AEO programme.

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