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Global map of countries by tariff rate, applied, weighted mean, all products (%), 2021, according to World Bank. This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and ...
Side by side with collection of taxes, facilitation of international trade through quick clearance of import and export cargoes has also emerged as a key role of NBR. Other responsibilities include administration of matters related to taxes, duties and other revenue related fees/charges and prevention of smuggling.
Bangladesh Customs has an intelligence division, responsible for preventing smuggling and tariff evasions. In 2016 it started operations to recover cars bought and sold in Bangladesh evading taxes, the cars were bought in by Foreign officials working in International agencies such as the World Bank and various agencies of the United Nations.
Bangladesh Tariff Commission traces its origin to the East Pakistan branch of Pakistan Tariff Commission, the commission was established on 28 July 1973. The commission is responsible for protection of domestic industry and regulation of import. [2] [4] The commission is weak according to its own commissioner. [5]
Bangladesh Tariff Commission; Office of the Registrar of Joint Stock Companies and Firms; Import and Export Control Department; The Institute of Cost and Management Accountants; The Institute of Chartered Accountants of Bangladesh; National Consumer Rights Protection Department; Trading Corporation of Bangladesh (TCB) Bangladesh Tea Board
Imposing an import tariff has the following effects, shown in the first diagram in a hypothetical domestic market for televisions: Price rises from world price Pw to higher tariff price Pt. Quantity demanded by domestic consumers falls from C1 to C2, a movement along the demand curve due to higher price.
The proposed taxes are in addition to earlier campaign promises to impose a baseline 10% tariff on all U.S. imports and a 60% tariff on goods shipped from China, once he takes office.
The purpose of the SAFTA is to encourage and elevate common contract among the countries such as medium and long-term contracts. Contracts involving trade operated by states, supply and import assurance in respect of specific products etc. It involves agreement on tariff concession like national duties concession and non-tariff concession.