Dhaka, Feb. 2 -- The National Board of Revenue (NBR) is set to introduce the Authorised Economic Operator (AEO) system on February 5, aiming to streamline import and export processes by providing a seamless clearance system for businesses.

Under this system, AEO-certified businesses will be able to directly transport cargo from ports to their factories or warehouses through a green channel without undergoing physical inspections.

This will significantly reduce clearance time, lower costs, and improve overall efficiency in trade operations.

According to NBR sources, the revenue authority has been working on implementing the AEO system for a long time. Compliant taxpayers will self-declare their tax status and conduct their own assessmen...