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Warehouses started to input alcohol sales information into software from Sunday – a move the National Board of Revenue officials said would help prevent tax evasion and restore discipline in duty-free liquor sales.
NBR developed the software, which is being monitored by the Customs Bond Commissionerate, Dhaka.
Before the facility was introduced, NBR had found allegations of bond facility misuse in liquor sales and duty evasion.
An NBR official told The Business Post that they were motivating the warehouses. “This will bring back discipline in the sale of duty-free liquor,” the official added.
NBR sources said they had taken initiatives to digitise the liquor business from July 2, 2021. But, the warehouses had been opposing it and even moved the court challenging the initiative.
According to NBR, the importer has to pay a maximum duty of 600 per cent on alcohol import. The warehouses say the unreasonably high duties encourage them to engage in illegal trade with smugglers using bonded warehouse facilities.
The NBR later issued six bonded warehouse licenses and made the software’s use mandatory for them.
The bonded warehouses are – Dhaka Warehouse Limited, Eastern Diplomatic Services, H Kabir And Co Ltd, National Warehouse, Sabir Traders Limited and TOS Bond (Private) Ltd.
