Dhaka, Nov. 16 -- Using automated system is made mandatory for issuing utilisation permission (UP) for export-oriented industries from December 1, as allegations of misuse of duty-free facility galore.
The National Board of Revenue (NBR) announced the decision Sunday, after a meeting with leaders of the country's business bodies.
The UP would have to be obtained from the Customs Bond Management System (CBMS) developed to modernize, ensure transparency, and make the country's bond-management system technology-driven.
The NBR launched the automated software January 1, 2025. However, the response from the exporters was not inspiring in the last 10 months to obtain automated UP, says a press statement issued by the NBR.
"Most institutions...
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