Information

This barrier is unrelated to the end of the transition period, following the United Kingdom's departure from the EU.

Public ID: PID-GDO6QB

Lack of clarity in application of customs valuation rules

in Bangladesh

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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