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Summary of meeting with TCF and Customs Bond Commissionerate:
1. UP/UD issues:
UP/UD is required to track the amount/quantity of goods at the time of the Bonded Warehouse Audit. Authority is already facing
problem for EPZ company for not having UP/UD.
However, the Customs Bond Commissionerate (CBC) knows about the CHT letter issue.
NBR has requested CBC to make an opinion on the CHT letter. Now CBC will reply to NBR by describing the real circumstances related to
UP/UD issues. But CBC is positive about CHT.
2. Business Scheme:
NICCA JP
NICCA BD
Bonded
Warehouse Other Bonded
Warehouse
Direct Exporter (DEx)
Selling to DEx with B2B L/C is possible. Master LC is not allowed.
• Selling to a Deemed Export/Bonded warehouse is not possible as per law since it is like a
trading business.
• We explained other Bonded warehouse imports from NICCA JP by Master L/C. It will be
convenient (minimizing time & cost) if the Other Bonded warehouses buy the product directly
from the NICCA bonded warehouse. Then authority realizes the issue.
• Huntsman Corporation also took bonded warehouse license for selling products to bonded
warehouses. It was allowed by the authority. But they failed to start business in time.
• The products are eligible to get duty exemption, since the product is imported not for
domestic usage, hence there is a possibility to allow the business model of NICCA BD.
• Authority is positive about this business scheme. But the decision should come from NBR.
• Authority is requesting to apply first, and then request to negotiate for the establishing the
new business scheme.
Now, other Bonded warehouse can sell product to DEx by B2B L/C with
UP/UD. But in future UP/UD may be considered.
Export