All of our Govt. Notification are given bellow:
- Bangladesh-India Balance of Trade
Bangladesh-India Balance of Trade
(Value in Mln. US $)
(Source EPB. Information received on July 07, 2013)
- Bangladesh “Industrial Policy 2013”
Bangladesh “Industrial Policy 2013”
14.1 Foreign direct investment will be encouraged in all industries in Bangladesh except those in the reserved lists, banking, insurance and other financial institutions. This type of investments can be made in local public and private sectors individually or jointly. The capital market will be open for “portfolio” investments.
14.2 The legal framework for foreign investments has been drawn up on the basis of the Foreign Investment (Development and Preservation) Act 1980. The framework is as follows: . Equal treatment of both local and foreign investment ; . Safeguarding foreign investments from state expropriation ; and . Assurance of repatriating finance and profit deriving from share disposal.
14.3 There will be no restrictions to foreign investment in terms of equity participation, i.e., 100% foreign equity can be invested. While setting up industries with complete foreign investment or in joint venture, there will be no restrictions to the sale of shares through public issue irrespective of paid-up capital.
However, foreign investors or institutions can purchase shares through Stock exchange, and necessary guidelines on this will be drawn up. Foreign investors or institutions can avail loan from local banks to meet their running costs. Conditions for such type of loan will be determined on the basis of the relations between the bank and the borrower.
14.4 Foreign investors can avail of the same facilities as local investors in terms of tax holiday, royalty payment, technical fees, etc. Personal income taxes need not be paid by foreign technicians appointed in foreign companies for up to three years, and after that period, they have to pay on the basis of a dual taxation revocation agreement or any other agreement reached with their respective countries
14.5 In respect of foreign investment, full repatriation facility of invested capital will be given. Profits and dividends are also repatriable. If foreign investors choose to reinvest their repatriable dividend or earned profit, then this will be treated as new investment. Foreign citizens appointed in Bangladesh will be entitled to a remittance of 50% of their wage and full repatriation of their savings and retirement benefits.
14.6 There will be no restrictions to the issuing of work permit for efficient foreign professionals on the basis of the recommendations of local and foreign investing companies or joint venture companies. Multiple entry visa will be issued to foreign investors for three years and to efficient professionals for the whole period of their appointment.
14.7 In respect of foreign investments in thrust sectors, preference will be given to small and medium scale investors when allotting plots in BSCIC industrial enclaves.
14.8 Investments by non-resident Bangladeshis will be treated as foreign direct investment.
14.9 Steps will be taken to protect intellectual property in respect of new goods and formulae.
14.10 International norms and systems will be followed in respect of providing investment assurance and conflict resolution.
14.11 Initiatives will be taken to expand the facilities of EPZ areas to those 100% export-oriented industries that are established in non-EPZ areas.
** See more at: http://www.bdtradeinfo.com/business-investment/industrial_policy.php#sthash.MvFc5TtB.dpuf
Export Processing Zones
16.1 Export Processing Zones have been set up in the country under the Bangladesh Export Processing Zones Act 1980 in order to help establish export-oriented industries. All infrastructure facilities including telecommunication and utilities have been provided in the zones. Under the Bangladesh Private Export Processing Zones Act 1996, permission has also been given to bring in foreign investments or joint ventures or for setting up private export processing zones.
16.2 Keeping in mind that agro-based industries can play an important role in the socio-economic sector of the country, cash incentives may be provided by the government to entrepreneurs of agro-based industries in EPZs, especially in the Mongla, Ishwardi and Uttara (Nilphamari) EPZs.
16.3 10 percent of the goods produced in EPZ industrial units can be exported inside the country subject to payment of applicable duties and taxes (through foreign currency L/Cs).
16.4 100 percent export-oriented industries outside the EPZs can sell 20 percent of their products in the local market subject to payment of applicable duties and taxes.
16.5 The following investments are allowed in the Export processing Zones: Category (a): 100 percent foreign investment including those of non. resident Bangladeshis: Under this category, foreign investors should bear all costs including construction, purchase of raw materials and the total working capital only with their own sources of foreign exchange. Category (b): Joint ventures of foreign and local investors: Under this type of investment, project expenses should be borne in accordance with the partnership agreement but the costs of importing all sorts of machinery should be borne by foreign partners. Category (c): 100 percent investment of Bangladeshi investors living in Bangladesh: Under this category, all project expenses including the import of machinery should be borne from the investor’s own resources, supplier’s credit, non-expatriable foreign exchange, pay-as-you-earn scheme or any other acceptable system.
** See more at:
- Indian Govt. Notification
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 99/2011-Customs
New Delhi dated the 9th November, 2011
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), and in supersession of the notifications of the Government of India, in the Ministry of Finance (Department of Revenue), No. 51/2008-Customs, dated the 21st April, 2008 [G.S.R. 297 (E), dated the 21stApril, 2008] and No. 85/2011-Customs dated 6th September, 2011[G.S.R.662 (E), dated the 6th September, 2011], except as respects things done or omitted to be done before such supersession, the Central Government, being satisfied that it is necessary in public interest so to do, hereby exempts all goods other than those mentioned in the ANNEXURE to this notification, from the whole of the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India from a country listed in APPENDIX to this notification.
Provided that the importer proves to the satisfaction of the Deputy Commissioner of Customs or Assistant Commissioner of Customs, as the case may be, that the goods, in respect of which the benefit of this exemption is claimed, are of the origin of the country listed in the APPENDIX in accordance with the Rules of Determination of Origin of Goods under the Agreement on South Asian Free Trade Area (SAFTA), 2006, published in the notification of the Government of India in the Ministry of Finance (Department Revenue) No 75/2006-Customs, (NT) dated the 30th June,2006.
S. No. HS Code Description (1) (2) (3) 1 2203 to 2206 All goods 2 220710 All goods 3 2208 All goods 4 Chapter 24 All goods
S. No. Country (1) (2) 1. People’s Republic of Bangladesh 2. Kingdom of Bhutan 3. Republic of Maldives 4. Nepal 5. Islamic Republic of Afghanistan
[F.No. 354/42/2002-TRU (Pt.)]
(Raj Kumar Digvijay)
Under Secretary to the Government of India
- THE FOREIGN PRIVATE INVESTMENT (PROMOTION AND PROTECTION) ACT, 1980.
(ACT NO. XI OF 1980).
An Act to provide for the promotion and protection of foreign private investment in Bangladesh.
WHEREAS it is expedient to provide for the promotion and protection of foreign private investment in Bangladesh; It is hereby enacted as follows:-
Short title: 1. This Act may be called theForeign Private Investment (Promotion and Protection) Act, 1980.
Definitions: 2. (1) In this Act, unless there is anything repugnant in the subject or context,-
- “foreign capital” means capital invested in Bangladesh in any industrial undertaking by a citizen of any foreign country or by a company incorporated outside Bangladesh, in the form of foreign exchange, imported machinery and equipment, or in such other form as the Government may approve for the purpose of such investment;
(b) “foreign private investment” means investment of foreign capital by a person who is not a citizen of Bangladesh or by a company incorporated outside Bangladesh, but does not include investment by a foreign Government or an agency of foreign Government;
- “industrial undertaking” means an industry, establishment or other undertaking engaged in the production or processing of any goods, or in the development and extraction of such mineral resources or products, or in the providing of such services, as may be specified in this behalf by the Government.
(2) Words and expressions used but not defined in this Act shall have the same meaning as in the Companies Act, 1913 (VII of 1913).
Foreign private investment: 3. (1) The Government may, for the promotion of foreign private investment, sanction establishment with foreign capital of any industrial undertaking-
(a) which does not exist in Bangladesh and the establishment whereof, in the opinion of the Government, is desirable; or
(b) which is not being carried on in Bangladesh on a scale adequate to the economic and social needs of the country; or
(c) which is likely to contribute to-
(i) the development of capital, technical and managerial resources of Bangladesh; or
(ii) the discovery, mobilisation or better utilisation of the natural resources; or
(iii) the strengthening of the balance of payment of Bangladesh; or
(iv) increasing employment opportunities in Bangladesh; or
(v) the economic development of the country in any other manner.
(2) Sanction of the establishment with foreign capital of an industrial undertaking under sub-section (1) may be subject to such conditions as the Government may deem fit to impose.
Protection and equitable treatment: 4. The Government shall accord fair and equitable treatment to foreign private investment which shall enjoy full protection and security in Bangladesh.
Terms of sanction, etc.: 5. The terms of sanction, permission or licence granted by Government to an industrial undertaking having foreign private investment shall not be unilaterally changed so as to adversely alter the conditions under which the establishment of such undertaking was sanctioned; nor shall foreign private investment be accorded a less favourable treatment than what is accorded to similar private investment by the citizens of Bangladesh in the application of relevant rules and regulations.
Indemnification, etc.: 6. In the event of losses of foreign investment owing to civil commotion, insurrection, or riot, foreign private investment shall be accorded the same treatment with regard to indemnification, compensation, restitution, or other settlement as is accorded to investments by the citizens of Bangladesh.
Expropriation and nationalization: 7. (1) Foreign private investment shall not be expropriated or nationalised or be subject to any measures having effect of expropriation or nationalisation except for a public purpose against adequate compensation which shall be paid expeditiously and be freely transferable.
(2) Adequate compensation for the purpose of sub-section (1) shall be an amount equivalent to the market value of investment expropriated or nationalised immediately before the expropriation or nationalisation.
Repatriation of investment: 8. (1) In respect of foreign private investment, the transfer of capital and the returns from it and, in the event of liquidation of industrial undertaking having such investment, of the proceeds from such liquidation is guaranteed.
(2) The guarantee under sub-section (1) shall be subject to the right which, in circumstances of exceptional financial and economic difficulties, the Government may exercise in accordance with the applicable laws and regulations in such circumstances.
Removal of difficulty: 9. If any difficulty arises in giving effect to any provision of this Act, the Government may make such order, not inconsistent with the provisions of this Act, as may appear to it to be necessary for the purpose of removing the difficulty.
- Bangladesh Export Processing Zone Authority (BEPZA)
Bangladesh Export Processing Zone Authority (BEPZA)
Incentives & Facilities for investment in EPZs
1. 10 years tax holiday for the Industries to be established before 1st January, 2012 and
Industries to set up after 31st December, 2011 tax holiday period will be:
Tax exemption period Rate of tax exemption
First 02 years (1st and 2nd Year) 100%
Next 02 years (3rd and 4th Year) 50%
Next 01 years (5th Year) 25%
2. Duty free import of construction materials
3. Duty free import of machinery, office equipments & spare parts etc.
4. Duty free import and export of raw materials and finished goods
5. Relief from double taxation
6. Exemption from dividend tax
7. GSP facility available
8. Accelerated depreciation on machinery or plant allowed
9. Remittance of royalty, technical and consultancy fees allowed
10. Duty & quota free access to EU, Canada, Norway, Australia etc.
Non – Fiscal Incentives
1. 100% foreign ownership permissible
2. Enjoy MFN (most favored nation) status
3. No ceiling on foreign and local investment
4. Full repatriation of capital & dividend
5. Foreign Currency loan from abroad under direct automatic route
6. Non-resident Foreign Currency Deposit (NFCD) Account permitted
7. Operation of FC account by ‘B’ and ‘C’ type Industries allowed.
1. No UD, IRC, ERC and renewal of Bond license
2. Work permits issued by BEPZA
3. Secured and protected bonded area
4. Off-Shore banking available
5. Import on Documentary Acceptance (DA) basic allowed
6. Bank of Back L/C
7. Import and Export on CM basis allowed
8. Import from DTA (Domestic Tariff Area)
9. 10% sale to DTA (Domestic Tariff Area)
10. Customs clearance at factory site
11. Simplified sanction procedure
12. Sub-contracting with export oriented Industries inside and outside EPZ allowed
13. Relocation of foreign industries allowed
14. Accords Residentship and Cityzenship
15. One Window same day service and simplified procedure.
Mongla Export Processing Zone
Mongla port area, Bagerhat. 105 kms from Jessore Airport and
397 kms from Dhaka and 664 kms from Chittagong port.
Profile Of Zone :
Zone area : 186.21 hectares ( 460 acres Proposed )
Number of industrial plots : 124
Size of each plot: 2000 sqm.
Tariff : US $ 1.25 / sqm / year.
Space of Standard Factory Building : 9000 sqm.
Tariff : US $ 1.60 / sqm / month.
Utility Services :
Water Supply : Sweet water from Public Health Engineering Department and own supply network.
Tariff : Tk. 22.43/ cu-m.
Gas Supply : Not Available
Power Supply : 11 kv, 3 phase, 50 cycles/sec.
Tariff : Tk. 6.11 / kwh.
(Utilities will be charged at the current rate of US $)
Contact Person :
Contract Address :
Mongla Export Processing Zone , Mongla, Bagerhat
Mobile: +880 01713402040
Phone : +880 04662 75199, +88-04662-75190
Fax : +880 04662 75198
Bangladesh Export Processing Zones Authority (BEPZA)
BEPZA COMPLEX, HOUSE: 19/D, ROAD: 6, DHANMONDI R/A, DHAKA, BANGLADESH
Phone : +880 2 8650058, 8650061
PABX : +880 2 8650059, 9661370, 8650074, 8650076
Fax : +880 2 8650060, 8650063
URL : www.epzbangladesh.org.bd
Chittagong Export Processing Zone (EPZ-CTG)
South Halishahar, Chittagong
Phone: +880 31 741446, +880 31 740919
Fax: +880 31 740031
Dhaka Export Processing Zone (EPZ-DAK)
Ganakbari, Savar, Dhaka
Phone: +880 2 7789002, +880 2 7789411
Fax: +880 2 7789003
Mongla Export Processing Zone (EPZ-MON)
Phone: +880 04662 75199
Fax: +880 04662 75198
Comilla Export Processing Zone (EPZ-COM)
Airport Area, Comilla
Phone: +880 081 77055
Fax: +880 081 77056
Ishwardi Export Processing Zone (EPZ-ISD)
Phone: +880 07326 63962
Fax: +880 07326 63824
Uttara Export Processing Zone (EPZ-UTR)
Phone: +880 0551 61586, +880 0551 61677
Fax: +880 0551 61468
Adamjee Export Processing Zone (EPZ-ADM)
Adamjee Nagar, Siddirgang, Narayangang
Phone: +880 2 7692938, 880 2 7693187
Fax: +880 2 7692939
Karnaphulai Export Processing Zone (EPZ-KAR)
Phone: +880 31 2501469
Fax: +880 31 2501460