Bangladesh, Sept. 29 -- The customs authority has issued a rule to allow duty-free import of products without insurance and freight charges valued lower than Tk 2,000.
The similar facility will be applicable to a product whose import duty is below Tk 2,000.
The 'Customs (Deminimis) Rule-2019' will clear the way for the import of samples and other low-cost products under the duty-free facility. Items that have import restrictions will not be covered.
The National Board of Revenue has issued the rules recently through a gazette.
But the import of commercial products, irrespective of their price ceilings, will not be entitled to enjoy the facility.
Business lobbies, including the European Union Business Forum, have long pushed for such ru...