NBR plans to launch AEO system from Mar | 2018-02-15 | daily-sun.com

NBR plans to launch AEO system from Mar

    15 February, 2018 12:00 AM printer

The National Board of Revenue (NBR) is going to offer local companies Authorized Economic Operator (AEO) facility from March to minimize both the time and cost for their export-import business.

"Two companies in pharmaceutical sector will get AEO facility under a pilot project. Industries in other sectors will be given such facility in phases," said Prokash Dewan, head of the AEO committee of the NBR, reports BSS.

Dewan who is also commissioner of Dhaka Customs House, said companies having good track record of business, including import and export, in the past and which are financially and technically sound will get the AEO facility.

The companies which have record of dodging duties and importing goods under false declaration would never get such facility, he added.