Lack of clarity in application of customs valuation rules
Trade barrier summary
This affects UK goods imported into Bangladesh. Implemented in 2000, the Customs Valuation (Determination of Value for Imported Goods) Rules in Bangladesh accepted the transaction value of imports for customs valuation, with some exceptions.
However the Customs Authority in Bangladesh seems to increasingly not enforce this, instead applying the method of valuation of historical, or identical, or similar goods.
This becomes problematic when importing commodities and bulk materials that are traded in the open market, given that global prices change frequently. Applying historical valuation often results in excessive costs, and over-valuation impacts the competitiveness of compliant companies in Bangladesh.
Sectors affected
- All sectors
Resolved
No
Date reported
13 June 2019
Last updated
14 June 2023
Public ID
PID-GDO6QB
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