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BUILD, NBR analyse relevant issues in Customs Act 2023

Published : Thursday, 7 March, 2024 at 12:00 AM  Count : 521
Business Correspondent
Business Initiative Leading Development (BUILD) in association with National Board of Revenue (NBR) organized a Dialogue Wednesday at its Conference Room at Motijheel for analyzing different new provisions of Customs related issues in the Customs Act 2023.   

The Act has been prepared to include international best practices such as WCO revised Kyoto Convention, WCO safe framework of standards and WTO Trade Facilitation agreement.  The new Act has 269 clauses   which was 286 in the customs act 1969.

Dr S M Humayun Kabir, Member, Customs Audit, Modernization and International Trade, NBR was present as the  Chief Guest and said that change is a permanent issue,  todays dialogue is the beginning and after having similar frequent Dialogues mind sets of all concerned  will be changed.

He referred some of the provisions of the new Act such as; consultations with the stakeholders before bringing any changes in the Act( section 262), AEO rules for the compliant traders, policies for voluntary disclosure( clause 171(2), release of products through self clearance(clause 90(3), extension of time refund application ( clause 34) and said these are all for simplification of procedures and better services to the entrepreneurs.   

Md Abdul Kafi, former Commissioner of Customs Excise & VAT, NBR moderated the session and he highlighted some important historical perspective of the Customs issues from his long experiences of working in this area.

CEO, BUILD  gave introductory speech and informed that  there is a target of USD 111 billion export by 2027 so Customs should be modern to handle such a huge amount of export and import for the purpose of export.

NBR 1st Secretary Raich Uddin Khan made a presentation  highlighting different new provisions included in the Act.  Some of the new provisions are;  electronic declaration, risk management, Non Intrusive Inspection(NII), post clearance audit, advance ruling, National Enquiry Point, advanced passenger information etc for business simplification. Rules, manuals, procedures, SoPs  will be prepared soon for implementation of the new act.

Md NUrruzzaman and Nasibul Amin, Sr Research Associate, BUILD  analysed the Act and presented a paper highlighting background of the act, new inclusions and compared different provisions of the act to understand the gaps between Customs Act 1969 and new Act 2023.

The presentation also highlighted the adequacy of the new Act compared with WTO TFA and identified the gaps.
 
It is seen that Risk Management(art 7.4- category C),  a commissionerate has been established by risk management units in the port, but it  has not been made operational yet while as per Time Release Study(TRS) 2022 the total time for  release of consignments have not been reduced.  

The study suggested for withdrawal of section 27(5) of the Act, upgrading ASYCUDA, implementation of WTO Custom Valuation module, dispute litigation module etc.

Fariduddin, former Member, Customs Policy, NBR; Md Mamun ur Rashid ASkari, Joint Chief, Bangladesh Trade & Tariff Commission; Mamun Kabir  Tarafder, Deputy Director Land Port Authority; Manzur Ahmed, Adviser, FBCCI; Humayun Rashid, MD and CEO, Energypac Power Generation; Syed Mohammad Tarique, Director AmCham also spoke.

Participants also highlighted the need for aligning the definition of export with customs policy VAT and similar other policies.

A number of private sector  and Chamber representatives Metropolitan Chamber of Commerce and Industry, Chittagong Chamber of Commerce & Industry, Americal Chamber of Commerce & Industry, Dhaka Chamber of Commerce & Industry, Bangladesh Plastic Products Manufacturers and Exporters Association attended and contributed to the Dialogue.  

NBR thanked BUILD for an effective Dialogue for creating awareness about the new Customs Act.



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