Friday, 13 March 2009

List of prohibited Export goods from Bangladesh

Every exporter can freely export their manufactured goods/product except the following provision according to the Export Policy of Bangladesh.
List of goods prohibited for export :

1. Petroleum and petroleum products except naptha, furnace oil, lubricant oil and bitumen. However, this prohibition shall not be applicable to the export of petroleum and LNG by foreign firms operating in Bangladesh under production sharing contracts to the extent of their share as agreed upon.
2. Oil seeds and edible oil except Kapok seeds. However, edible oil processed/refined in the country out of oil seeds and crude oil imported for export purpose may be exported subject topermission of the Ministry of Commerce.
3. Jute seeds and sun-hemp seeds.
4. Wheat.
5. Molasses and Khandseri sugar.
6. Live animals, all sorts and skins of animals and wild life covered in the Bangladesh Wild Life ( Preservation ) Ordinance, 1973(President's Ordinance No. XXIII of 1973, as amended in 1974 ) except the speciacs listed in the first shedule of the ordinance.
7. Firearms, ammunitions, explosives and ingredients thereof.
8. Fissionable materials.
9. Rare archaeological items.
10. Human skeleton, blood plasma or any other material produced out of human blood.
11. Pulses, all sorts.
12. Prawns and shrimps, except frozen and processed ( S.R.O. No.60-L/76, dated, 14.2.76).
13. 0mon ( S.R.O. No. 250-L/77 dated, 13.8.77).
14. Saline water shrimps of 71/90 counts or below except 'harina'and 'chaka' variety and fresh water shrimps of 61/70 couunts or below ( S.R.O. No. 345-L/83, dated 20.10.83 ).
15. Rice bran ( except deoiled rice bran ).
16. Bamboo and cane in whole form and wood log.
17. Frogs of all species ( live or dead ) and froglegs.
18. Chemicals included in schedule 1 of the Chemical WeaponsConvention of the United Nations signed in Paris on 13 -15 January 1993.
19. Raw Hides and wet blue leather.
List of goods restricted for export (Export allowed under special permission of the Ministry of Commerce )
1. Molasses: Permissible on case-to-ease basis.
2. Deoiled rice bran :Permissible on case-to-case basis only in case the Ministry/Directorates of Fisheries and Livestock fail to purchase the available stock within a reasonable time and price.
3. Wheat bran:Permissible on case-to case basis only in case the Ministry/Directorates of Fisheries and Livestock fail to purchase the available stock within a reasonable time and price.
4. Urea fertilizer: Export of Urea fertilizer produced in the factories of the B.C.I.C. (except KAFCO) is permissible only on the recommendation of the Ministry of Industries on case-to-case basis.
5. Cow and Buffalo Permissible on case-to-case basis. horns and hooves:
6. Date-gur: Half of the quantity produced in a year shall be exportable on case-to-case basis.

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Thursday, 12 March 2009

Export Tips for Bangladeshi Exporters


Bangladesh's Gov't has the following two mejor's Objctives to Export:


1. To achieve optimum national growth through increase of export in regional and international market;

2. To narrow down the gap between the country's export earning and import payment through achievement of the export targets .



Tax holiday facility for exporter:


To encourage a rapid growth and attract entrepreneurs to export oriented industries tax holiday incentive will continue till the year 2010 in consonance with the Industrial Policy. The industrial enterprises enjoying the benefit of tax holiday shall be exempted from deduction of tax at source. After 2010, decision on tax holiday will be taken in the light of the government policy of that period.


C.I.P. (Export):


Every year commercially important persons (CIPS ) are selected from the highest export performers item- wise in recognition of their contribution to export by the Bangladesh Govt.



Export without Letter of Credit:


With a view to further simplifying export procedures, from now on, export may be effected without L.C. on the basis of purchase contract, agreement, purchase order or advance payment. In such cases, the exporter will be required to submit only the EXP Form and the Shipping Bill. In addition, export of all commodities including vegetables and electronic goods shall be allowed without L.C. and on the basis of advance encashment or on consignment basis. In order that such exports can be effected smoothly, genuine exporters will be allowed, for a minimum period of one year, to export their goods on the basis of contract, purchase order or advance payment,
besides export L.C.





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