On 20th January 2023, Customs Excise & Vat Commissioner Job Circular has published. Several New vacancies are available on their job circular. We will bring you that circular with detailed instructions. The last date for Application is 19th February 2023. If You Want To Know More about Private Bank Jobs, Engineering Jobs, Govt. Job, Private Jobs, Medical Jobs, BGB Jobs, Army Jobs, Navy Jobs, Air Force Jobs, Police Jobs, Or Fire Fighter Jobs, and also Find Educational All Results ← Just Click These Highlight Links.
| Organization : | Customs Excise & Vat Commissioner |
|---|---|
| Position : |
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| Experience : | Not Necessary |
| Salary : | Click Here To See The Circular |
| Last Date : | 19th January 2023 |
| Details : | Click Here The See The Circular |
Bangladesh Customs
Bangladesh Customs is the principal customs agency of Bangladesh. Bangladesh Customs was formed under the National Board of Revenue in 1972 after the independence of Bangladesh through the Customs Act. In 2016 Bangladesh Customs joined Operation IRENE to stop the illegal trafficking of small arms and drugs.
customs is one of the three tax-collecting agencies that work under the National Board of Revenue. The other two agencies are VAT and Income Tax. The Customs wing is responsible for planning, formulation, implementation, and periodic review and re-appraisal of policies on matters related to Customs. Its main functions are :
- Collection of duties and taxes at the import stage,
- protection of domestic industry,
- trade liberalization,
- facilitation of trade,
- prevention of smuggling,
- interdiction of prohibited goods, narcotics, and objects detrimental to national security, and
- prevention of money laundering.
The Customs wing monitors the activities of Customs stations and provides directions and interpretations to field offices. Offices under the Customs wing implement the policies formulated by the NBR, collect duties and taxes at the import stage, apply relevant laws and regulations formulated by other border agencies, and ensure trade facilitation. There are six Custom Houses (Chittagong, Dhaka, Mongla, ICD Kamalapur, Benapole, and Pangaon), two Customs Bond Commissionerates (Dhaka and Chittagong), one Customs Intelligence and Investigation Directorate, one Customs Valuation and Internal Audit Commissionerate and a number of functional lands Customs stations.
While Chairman is the apex decision-making authority in the NBR, four members supervise the Customs wing's basic functions. These positions are:
- Member (Customs: Policy);
- Member (Customs: Export, Bond, and IT);
- Member (Customs: Audit, Modernization, and International Trade); and
- Member (Customs: Administration)
Bangladesh Customs has an intelligence division, responsible for preventing smuggling and tariff evasion. In 2016 it started operations to recover cars bought and sold in Bangladesh evading taxes, the vehicles were bought by Foreign officials working in international agencies such as the World Bank and various agencies of the United Nations.
What is Vat
A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. If the ultimate consumer is a business that collects and pays the government VAT on its products or services, it can reclaim the tax paid. It is similar to and is often compared with, a sales tax. VAT is an indirect tax because the person who ultimately bears the burden of the tax is not necessarily the same person as the one who pays the tax to the tax authorities.
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