Bangladesh’s freight forwarders advocate for bonded warehouse facilities to enhance transparency and accountability in import-export handling. The proposal was raised during a pre-budget meeting at the National Board of Revenue. Challenges faced by forwarders were emphasized, highlighting the need for a practical system where consignments can be managed effectively. Bonded warehouses would enable forwarders to take full responsibility after customs clearance, reducing liability risks. Concerns were also raised about the delay in licensing and VAT imposition. The NBR emphasized the need for careful consideration of duty-free facilities to prevent misuse, highlighting the balance between facilitating trade and preventing abuse.
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