Basic Rules for Importing Towards the BD Industry

General rules for Import in the Industrial sector

(a) Industrial units approved on regular basis will be allowed to import up to three times (300% )of their regular import entitlement of the items, import of which is banned for commercial purpose and which are importable by industrial consumers only;

UNION-RULES FOR INDUSTRIAL MATERIAL IMPORTING

(b) Industrial units approved on adhoc basis will be allowed to import upto the maximum value limit not exceeding two times (200%) of their half-yearly import entitlement;

(c) After receiving the 1st adhoc share the concerned industrial units shall apply through the concerned sponsoring authority to the Chief Controller of Imports & Exports for regularization of their import entitlement;

(d) Import entitlement and IRC of the concerned industrial unit will be regularised on the basis of recommendation of the sponsoring authority, if 70% of the first adhoc share had been utilised. Otherwise, clearance will be issued for the 2nd adhoc share;

(e) Adhoc IRC of the concerned industrial unit shall not be renewed until the Chief Controller of Imports and Exports issues clearance for the 2nd adhoc share or regularises its import entitlement on the basis of recommendation of the sponsoring authority;

(f) If, after utilisation of the 1st adhoc share, an industrial unit is allowed to utilise their 2nd adhoc share as per recommendation of the sponsoring authority instead of regularizing their import entitlement, the industrial unit, after utilisation of the 2nd adhoc share, will be able to apply to the sponsoring authority for regularisation of their import entitlement. The adhoc entitlement and the adhoc IRC will be regularised as per recommendation of the sponsoring authority.

(g) In case of import by those sectors of industries for which entitlement has been fixed on the basis of more than one shift, units accepted on a regular basis under such a sector shall not be eligible to import more than 100% of the annual entitlement for such restricted raw materials or packing items and the industrial units accepted on an adhoc basis, under such a sector shall not be eligible to import more than 100% of the half-yearly amount for such restricted items;

(h) Govt. sector industrial units will obtain approval of the Ministry of Commerce through their administrative Ministry the total annual requirement of the restricted items at the beginning of the financial year;

(i) Regular industrial units which have been provided with special financial benefit along with payment of advance income tax with respect to import of industrial raw materials/packing materials/spare parts will not import those items three times more than the import criteria even if those items are freely importable;

(j) Amount of approved import entitlement (sum and word in taka) will be clearly quoted in the IRC at the time of its issue by the office of the Controller of Imports and Exports and the regional office of the Chief Controller of Imports & Exports will delivery a copy of the entitlement paper approved by sponsoring authority & duly countersigned by the concerned regional office of Imports & Exports to the industrial unit;

(k) A copy of the entitlement paper duly endorsed shall be provided to the sponsoring authority;

(l) The provisions at sub-para (b) and (g) above shall not apply in case of import by the readymade garments, hosiery and special textile industries operating under bonded warehouse system and the pharmaceutical (allopathic) industries; but the provisions of sub-para (6) and (9) of paragraph 23 respectively shall apply in these cases;

(m) Import under cash foreign exchange- Subject to the provision of sub-para (b) and (g) industrial sectors for which no fund under Government allocation has been provided may import their essential raw materials, packing materials and spares (excluding restricted items in the control list) under cash foreign exchange without any value limit. (n) In case of liquidation of any industrial unit the Industrial Registration Certificate (IRC) of that unit shall be transferred to the Office of Import and Export Control within 120 days of liquidation.