Mohammad Suman

Baggage rules for gold tightened

The government has introduced stricter regulations on the import of gold bars and ornaments under newly updated baggage rules while offering some leniency in other areas.

1w ago

Reducing penalty on false declarations will encourage smuggling: experts

In the Finance Ordinance 2025–26, presented on Monday, the government proposed amending the Customs Act 2023 and revising the penalty structure for tax evasion related to intentional false declarations during import clearance, reducing the minimum fine from twice the evaded amount to an equivale

1w ago

Tax-free income ceiling to stay the same

The interim government is set to introduce a wide range of tax and duty reforms in the upcoming fiscal year to facilitate the country’s smooth graduation from Least Developed Country (LDC) status and drive economic growth.

1w ago

What are the likely tax and duty measures in FY26?

These include steps to reduce the cost of doing business and align tax policies with the requirements of LDC graduation

2w ago

Cancer drugs, insulin to get cheaper as NBR plans tax cuts

The government is going to expand import duty exemptions on pharmaceutical raw materials and medical equipment, with 79 new items expected to be added to the duty-free list in the upcoming national budget.

2w ago

69% overwhelmed by ‘excessive’ VAT on essentials

About 69 percent of low-income people view the value-added tax (VAT) on essential items as excessive, according to a survey, with most seeing it as a significant financial burden.

2w ago

Tanners may get slight tariff relief on chemicals

The government is considering reducing customs duty on seven imported tanning chemicals in the upcoming national budget, offering slight relief to the country’s struggling tannery sector.

2w ago

Helicopter rides may cost more

From horse-drawn carriages to helicopters, weddings in Bangladesh have taken flight -- literally. What was once a luxury reserved for the ultra-rich has become an aspirational trend among the middle class in recent years.

2w ago
April 17, 2025
April 17, 2025

Ctg customs saw 12% revenue growth in July-March

Revenue collection by Chattogram Customs House rose 12 percent over the past nine months thanks to the easing of import restrictions, with shipments of Ramadan essentials surging ahead of the month of fasting for Muslims..The country’s top revenue earner collected Tk 55,346 crore in the Ju

April 6, 2025
April 6, 2025

Bangladesh earned Tk 1,500cr tariff from US imports in FY24

"Bangladesh generates a negligible amount of revenue from taxes levied on goods imported from the United States"

February 23, 2025
February 23, 2025

Dates cheaper in Ctg this year as imports surge

Date prices have remained relatively stable this year compared to previous years, thanks to the govt's duty waiver and a decline in int'l market prices

February 11, 2025
February 11, 2025

Unclaimed import boxes clog 18% of Ctg port capacity

Around 200,000 tonnes of imported goods, stuffed in 9,644 containers, have been abandoned at Chattogram port for years – occupying 18 percent of its capacity, as customs officials point the finger at lengthy auction processes for the backlog.

February 7, 2025
February 7, 2025

Under-invoicing skews cardamom market

Chattogram-based Especia International Trading received the delivery of a 10-tonne cardamom consignment in mid-January. The trader declared the import price at $7.5 per kilogramme.

December 26, 2024
December 26, 2024

Customs’ sale of 14-yr-old chemical poses health hazard

The Chattogram Custom House has auctioned off 14-year-old sodium glycerolate, which is used in cosmetics and pharmaceutical products, without conducting any quality assessment to determine its usability, raising concerns about potential health risks.

December 23, 2024
December 23, 2024

Nowfel gained from illegal tobacco trade

Former education minister Mohibul Hassan Chowdhoury Nowfel received at least Tk 3 crore from a tobacco company, known for years for illegal cigarette production and marketing including some counterfeit foreign brands.

November 16, 2024
November 16, 2024

Ship from Karachi port: What was in the cargo?

Most of the cargo that arrived from Karachi contained industrial raw materials, including soda ash, dolomite, limestone, chemicals, onion, fabrics and potatoes

November 16, 2024
November 16, 2024

Cybergangs breaking into NBR server at will

On May 20, 2024, Chattogram Custom House Deputy Commissioner Mohammad Zakaria was in Kolkata, India, where he had gone for treatment a week earlier.

November 15, 2024
November 15, 2024

Unable to open LCs, seven S Alam factories shut down

An inability to open letters of credit (LCs) since the political changeover on August 5 has resulted in the closure of at least seven enterprises owned by the S Alam Group, including its sugar and edible oil refineries and steel factory.