100% Exemption of VAT, Regulatory Duty & Supplementary Duty(if applicable) and max.10%Import Duty shall have to pay on the imported spares for production of ATM Machine and CC Camera in the Park, for the Investors

The government has exempted import duties, regulatory duties, value added tax and supplementary duties on the spare parts to be used for production of ATM Machines and CC Cameras in the Park as per the defined rates and terms & conditions as set forth in the S.R.O;

S.R.O. No. 15-2019/ 48/Customs, Date: 14 January 2019

Exemption of Duties on importing Transport, for the Investors (Industrial Enterprises)

The government has exempted all import duties, regulatory duties, value added tax and supplementary duties of the industrial enterprises having at least 500 employees & at least 10 million USD investment for importing One Sedan Car (up to 2000 cc) and one Micro Bus/ Pickup Van/ Double Cabin Pickup Van only once for their own use in the business and which are non-transferable/ saleable within 5 (five) years of import.

Conditions in details:

(1)  There shall be at least investment amounting USD 10 Million or at least manpower of 500 people shall engaged therein.

(2)  The permission and authorization letter issued from Bangladesh Hi-Tech Park Authority to be submitted before the tariff authority during assessment of duty and discharging the imported vehicles;

(3)  One Sedan car not more than 2000 CC and one Micro Bus/ Pickup Van/ Double Cabin Pickup Van shall be imported;

(4)  The imported vehicles shall not be transferred or sold within 05 (five) years from the date of import:

Provided that, in case of sale or transfer of the imported vehicle Permanent Order (Tariff) of National Board of Revenue No.100/2000/shulka dated 25.07.2000 shall be applied;

(5)  The industrial establishments situated in the Hi-Tech Park are eligible to import vehicles only once under the circular;

(6)  The vehicles imported under the circular shall contain the word “Hi-Tech Park” before the serial number of the number plate;

(7)  The imported vehicles shall not be used for commercial purpose except the production or related works for the importer industrial establishments.

S.R.O. No. 213-Law//2015/50/Customs, Date: 01 July 2015

Exemption of Duties on importing Capital Equipment and Construction Materials by the Investors (Industrial Enterprises)

The government has exempted all import duties, regulatory duties, supplementary duties and value added tax of the industrial enterprises upon import of capital instruments and construction materials, subject to the following conditions:

(1)  The industrial Enterprises shall be registered under VAT;

(2) During the import of goods, the information containing name, description, quantity of the goods might be approved and certified by the Bangladesh Hi-Tech Park Authority under this Circular.

Provided that, such exemption shall not be applicable in importing the construction materials available in Bangladesh, i.e. MS Rod/Bar, Cement, Pre-fabricated building, Iron/Still sheet; 

(3) The said exemption shall not be applicable in importing the goods not directly related with construction  and development of Hi-Tech Parks i.e. office equipment, air-conditioner, refrigerator, house hold appliances, foods & beverage and any other similar in nature consumable items.

S.R.O. No. 212-Law//2015/49/Customs, Date: 01 July 2015

The government has exempted all import duties, regulatory duties, supplementary duties and value added tax of the Park Developers upon import of Goods/Materials to be used for the development of Hi-Tech Parks; subject to the following conditions:

(1)  The developer shall be registered under VAT;

(2) During the import of goods, the information containing name, description, quantity of the goods might be approved and certified by the Bangladesh Hi-Tech Park Authority under this Circular.

Provided that, such exemption shall not be applicable in importing the construction materials available in Bangladesh, i.e. MS Rod/Bar, Cement, Pre-fabricated building, Iron/Still sheet; 

(3) The said exemption shall not be applicable in importing the goods not directly related with construction  and development of Hi-Tech Parks i.e. office equipment, air-conditioner, refrigerator, house hold appliances, foods & beverage and any other similar in nature consumable items. 

S.R.O. No. 352-Law//2015/60/Customs, Date: 29 November  2015