Customs Duties or A tax charged on certain goods which are brought into a coun... and taxes will be pending and need to be cleared while importing goods into Bangladesh whether by a private individual or a commercial entity.
The valuation method is CIF.
Below table provide the Duty and Known as VAT (Value Added Tax) in the UK. A tax based on the... for Bangladesh:
|Duty Rates||Sales Tax(GST)||Threshold on goods|
|Duty will be applicable||VAT=15% VAT=VAT%(CIF + Duty + supplementary duty + regulatory duty)||Duty will be exempted if FOB is less than BDT1000, but no threshold for VAT|
- Supplementary duty = (0% and 500%) * (CIF + corresponding duty.))
- Regulatory duty = 5% ( CIF + corresponding duty + supplementary duty.)
- Advance A tax paid by individuals to the government, the amount of w... = 5% (CIF + corresponding duty.)