Date: 1st September 2024
The Chairman
Bangladesh Economic Zone Authority
Biniyog Bhaban, Plot#E-6/B, W Agargaon, Dhaka 1207
Attention: Mr. Mustafizur Rahman, Deputy Secretary Manager (OSS & Co-ordination)
Subject: Request for the restoration of previous Bond License Registration for operating warehouse in Economic Zone as well as to sell goods with Direct L/C and B2B L/C.
Dear Sir,
This is Kotaro Takeuchi, Managing Director of NICCA BANGLADESH CO., LTD. (100% foreign-owned entity). I would like to inform you that NICCA BANGLADESH CO., LTD. has established a Private Limited Company and we have already leased land in the Bangladesh Special Economic Zone (BSEZ) and got registration under BEZA (BEZA Investment Clearance Ref. No.: PC-20231115034229089484).
NICCA BANGLADESH CO., LTD. wanted to start warehousing and doing deemed export business by purchasing final chemical products in the middle of 2025 under a bond license from other NICCA global sites, such as Indonesia, India, and Japan, after having the stock of those chemical products, those will be sold to dyeing factories/Composite factories in Bangladesh who have bond license (deemed exporter) and who directly export garments to other countries. (Attached Business Model in Annexure A).
It is a matter of regard that, after the investment, we came to know that there are some changes that took place in the new Bonded Warehouse Licensing Rules. We will face a huge loss since the rules has been changed. In this circumstance, it is requested to restore the previous Bond License Registration for operating warehouse in the Economic Zone.
Besides, we are willing to do our warehouse business through direct L/C as well as by Back to Back L/C facilities. Therefore, it is highly requested to allow us to get Bond License Registration for operating warehouse in the Economic Zone with Direct L/C and B2B L/C.
With the passage of time, the business and economic environment has changed a lot. Besides Bangladesh govt. is encouraging FDI by providing several kinds of facilities and incentives. Hence it is our proposal to restoration of the rules and make it more business-friendly for the bonded warehouse which helps to attract more FDI, increase employment, minimize time, cost, and import dependency as well as help to industrialize across the country.
Kindly issue a letter to NBR regarding the above issue.
Sincerely,
🗸
______________
Kotaro Takeuchi
Managing Director
NICCA BANGLADESH CO., LTD.
Attached: Annexure A
Annexure A: Business Model of NICCA BANGLADESH CO., LTD.
NICCA global sites, such as in Indonesia, India, and Japan
Import
Final
Goods
Bonded Warehouse in EZ
Sell with B2B L/C
Sell with Direct L/C
Dyeing factories/Composite factories in Bangladesh (Deemed Exporter)