In response to how India checks Bangladeshi goods to examine the rules of origin, Bangladesh’s National Board of Revenue (NBR) has, reportedly, proposed a draft of new rules that are identical to those announced by India in September last year.
Reports maintained this adding that according to the proposed rules — the new rules will be administered for all the tariff preferences given under various regional, bilateral and multilateral pacts — an importer must submit a certificate of origin, originating criterion while claiming tariff preferences in Bangladesh and date of issuance, which reports underlined will allow customs officials to check imported goods from India and identify if the certificate of origin was issued from a third country even if the Bangladesh Government, reportedly, plans to implement the same from the first day of the upcoming fiscal year 2021-22.
The reports further underlined that if the certificate of origin of goods is found inadequate, does not follow the conventional procedure of rules of origin, or if the certificate issuer is not qualified to tariff preference with the trade deal involved, a designated customs official will deny tariff preference, once the new law is implemented and went on to add that granting tariff preference can be retained until the completion of the verification process and goods will be released following the verification procedure by obtaining a bank guarantee of the differences between standard duty rate and preferential duty rate.
