The government’s allocation of Tk 7.85 crore for an ongoing bond management system automation project in FY23 remains unutilized even after 11 months of the fiscal year. The National Revenue Board (NBR) has highlighted this issue in a letter to the Finance Division. The allocated funds are crucial for the successful implementation of the project, which aims to automate the manual bond management process of the Customs Bond Commissionerate. The project, funded entirely by the government, aims to introduce the Customs Bond Management System (CBMS) to enhance efficiency, prevent misuse of bond facilities, and increase revenue collection. While some modules of the automation software have been developed, the release of funds is necessary to complete the remaining work. The Finance Division has been urged to take the required administrative steps to expedite the release of the allocated funds.
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