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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