Customs audit procedures in Bangladesh.

Customs audit procedures in Bangladesh:

Customs Assessment and Duty Collection:

Customs officers assess the value of imported goods, determine applicable duties, and collect them during the import process.

The assessment includes verifying the declared value, classification, and other relevant details.

Examination:

Customs officials may physically inspect imported goods to ensure compliance with regulations.

They check for accuracy in documentation, proper valuation, and adherence to import/export restrictions.

Post Clearance Audit (PCA):

PCA is conducted after goods are cleared from customs.

It involves a thorough review of import/export records, financial transactions, and compliance with customs laws.

The goal is to detect any discrepancies, errors, or fraud.

Documentation Required for Audit:

During an audit, relevant documents are examined. These may include:

Proceed with Realization Certificates (for the audit period)

Description of inter-bond transfers (if applicable)

Copies of passbooks used during the audit period

Import documents like MLC, BBLC, Purchase Orders (PO), Utilization Declarations (UD), B/E, Invoice, BL/AWB/TR, etc.

For more details, please visit the Bangladesh Customs website.