Utilization Declaration is a very important customs document for RMG Sectors. UD need for relies importable raw-materials from all customs ports. It also need for Export, GSP, Cash incentive and others.
In 1998 the national Board of Revenue (NBR) of Bangladesh has been permitted to BKMEA for issue Utilization Declaration to their members unit. BKMEA issued in terms of notification of NBR under SRO no: 3(36)-CUS-4/87(Part-3)-373 dt. 23.2.1998 for the stated raw-material for import storage and export of ready garments as per master L/C or Contract.
Online Utilization Declaration for Bangladesh apparel exporters.
Now NBR of Bangladesh has been decided to issue an online Utilization Declaration. BKMEA urged NRB to introduce the new system for UD in order to facilitate smooth and hassle-free verification of the documents at the ports.
According to officials UD will be launched integrating the data of both exporters association with that of the NBR. A working committee will be formed in this regard, including representatives from the exporters and the NBR, to frame a plan for implementation of the online system.
Currently the verification of UD’s is a tedious process in which the customs officials have to examine the manually submitted UDs by entering the server of the apparel associations. The issuance of UDs will expedite the process of exports and imports through the customs ports, while also checking for forgery of documents and abuse of duty-free import facility by apparel exporters.