The National Board of Revenue is going to launch Authorised Economic Operator on Sunday, February 23, to streamline import and export processes by providing a seamless clearance system.
Finance adviser Salehuddin Ahmed will inaugurate the operation of AEO at a programme at the NBR multipurpose hall in the city, said a press release on Wednesday.
NBR chairman Md Abdur Rahman Khan will preside over the event while chief adviser鈥檚 special envoy on international affairs Lutfey Siddiqui, executive chairman of the Bangladesh Investment Development Authority and the Bangladesh Economic Zones Authority Chowdhury Ashik Mahmud Bin Harun and administrator of the Federation of Bangladesh Chambers of Commerce and Industry Md Hafizur Rahman will attend as special guests.
Under this system, AEO-certified businesses will be able to directly transport cargo from ports to their factories or warehouses through a green channel without undergoing physical inspections.
This will significantly reduce clearance time, lower costs and improve overall efficiency in trade operations.
The NBR formulated the rules for this system in June 2024 and finalised the operational procedures in December. Additionally, it has upgraded its digital infrastructure to facilitate AEO operations.
During a recent event on World Customs Day, the NBR chairman stated that once the system was introduced, compliant taxpayers would no longer face interventions from customs authorities.
鈥楾he imported goods will be directly delivered to their premises from vessels under the self-assessment system,鈥� he said.
He also mentioned that tax payments would be made through bank-to-bank fund transfers.
