Dhaka, Sept. 11 -- The National Board of Revenue (NBR) has initiated a move to permit exporters without bond licenses to import raw materials on a duty-free basis."We have already begun the process," NBR Chairman Md Abdur Rahman Khan said at a meeting on Wednesday.
The meeting, titled Meet the Business, was arranged for the first time to gather direct feedback from business representatives regarding field-level challenges. From now on, the meeting will be held on the second Wednesday of every month.
Khan explained that exporters without bond licenses will be able to import raw materials duty-free, provided they obtain a bank guarantee confirming that the materials will only be used for export purposes.
"It must not be sold in the local m...