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BGMEA proposes forming jt commission to deal with customs, bond issues

The apparel apex body on Thursday made a number of proposals including formation of a joint commission to address day-to-day customs and bond related issues and simplification of the annual audit procedures.
Other demands included considering HS code of products up to four digits, inclusion of new raw materials and other related materials with their HS code in the bond licences and in case of emergency, release of goods provided with BGMEA's approval, according to a press release.
Bangladesh Garment Manufacturers and Exporters Association put forward the proposals at a meeting held at its headquarters in the city with its president Dr Rubana Huq in the chair.
Customs bond commissioners in Dhaka and Chattogram SM Humayun Kabir and M Azizur Rahman and BGMEA's office bearers, among others, were present in the meeting.
The meeting was informed that exporters were facing harassment and difficulties related to customs and bond issues.
Show-cause notices have been issued against the factories if back-to-back letter of credit (L/C) details are not given with UD (utilization declaration) certificate or incorporate after shipment or before export.
The BGMEA president requested for continuation of audit in this regard, saying that the issue has not yet been resolved as no format has been approved.
Exporters also face difficulties regarding to entitlement of bond licences, the BGMEA president said.
Factories have entitlement but they can't release their products due to online unavailability, she explained.
Mr Rahman assured all-out supports to achieve $50 billion apparel export target and informed the meeting that a joint commission has been formed in Chattogram.

Read more at The Financial Express Bangladesh

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