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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: Requesting to incorporate the following matters in the Bonded Warehouse Licensing Rules. (Selling Finish 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 located in the Bangladesh Special Economic Zone (BSEZ) registered under BEZA (BEZA Investment Clearance Ref. No.: PC-20231115034229089484).
NICCA BANGLADESH CO., LTD. will import raw materials and will start manufacturing textile chemical products in the Economic Zone. Manufactured chemical products (finish goods) will be sold to dyeing factories/Composite factories in Bangladesh who have bond licenses (deemed exporters) and export garments to other countries. We are willing to sell the finish goods by direct L/C as well as by back-to-back L/C facilities. (Attached Business Model in Annexure A).
Therefore, it is highly requested to allow us to do business in the Economic Zone through 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, 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.
Import
Raw
Materials
Production
Bonded Warehouse
(Composite)
Bonded Warehouse
(Deemed Exporter)
Sell of Finish Goods
by Direct L/C and
Back to Back L/C