Bangladesh
Import Regulations
Vehicles must be imported directly from the country of origin.
Import Process
Required Documents
Under HS Code 87.03 Heading during FY 09-10, Supplementary Duty (SD) applicable to import of Motorcar and other vehicles including Station Wagons (Except Ambulance) proposed is as follows:
Vehicles must be imported directly from the country of origin.
- Vehicles must be at least one year old from date of manufacture, and have at least
- 1000km on the odometer.
- Vehicles must be a maximum of four years old from date of manufacture.
- Vehicles must have a JAAI Certificate to confirm the mileage on the vehicle.
- Vehicles must have a Certificate of Origin from the local Chamber of Commerce in Japan.
Import Process
- Clients make a $1000 US deposit for each desired vehicle, to a Japan Car Direct bank account.
- JCD searches for the best vehicles available at auction every day.
- JCD translates all of the best vehicle auction sheets, and bids according to the client’s instructions.
- Upon winning vehicles at auction, a Proforma Invoice, vehicle photos and auction sheet, are E-mailed to the client.
- The client makes a Letter of Credit for the value of the P/I, and has it sent to an Advising Bank in Japan.
- The client then makes a telegraphic transfer for the balance of the monies owing.
- JCD arranges for vehicle transportation to the nearest port, and makes reservations for the next ship bound for Bangladesh.
- JCD makes an appointment for a JAAI employee to inspect the vehicle and make the required JAAI Inspection Certificate.
- JCD has the Certificate of Origin made at the local Japanese Chamber of Commerce.
- JCD has copies of all the original required documents couriered to the "Notify Party” (our client).
- JCD makes application for L/C collection with all of the necessary documents at the "Negotiating Bank” in Japan, and writes the Bill of Exchange. These documents are then couriered to the "Issuing Bank” in Bangladesh to complete the business transaction.
- The client acquires the original documents from the "Issuing Bank,” and after paying the necessary duties, collects the vehicle from the port.
Required Documents
- Invoice
- Packing List
- Letter of Credit
- Application for collection of Documentary Bill
- JAAI Inspection Certificate
- Certificate of Origin
- Export Certificate
- English translation of Export Certificate
- Bill of Lading
- Copy of DHL receipt
For further information on import of motor vehicles into Bangladesh, please refer to the Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) web site: http://barvidabd.com/index.php
Proposed Changes of the Rules & Regulation of import of Used/Old/Reconditioned Vehicles for FY 10 -11Under HS Code 87.03 Heading during FY 09-10, Supplementary Duty (SD) applicable to import of Motorcar and other vehicles including Station Wagons (Except Ambulance) proposed is as follows:
|
Description of Motor Car |
10-11 (SD) proposed |
09-10 (SD) |
08-09 (SD) |
|
Cylinder capacity up to 1000 CC, CBU (≈) |
30% |
30% |
20% |
|
Cylinder capacity up to 1001~1500 CC, CBU (↑) |
45% |
30% |
20% |
|
Cylinder capacity up to 1501~1650 CC, CBU (↓) |
45% |
100% |
60% |
|
Cylinder capacity up to 1651~2000 CC, CBU (≈) |
100% |
100% |
60% |
|
Cylinder capacity up to 2001~2750 CC, CBU (≈) |
250% |
250% |
100% |
|
Cylinder capacity 2751 CC ~ 4000 CC, CBU (≈) |
350% |
350% |
250% |
|
Cylinder capacity 4001 CC & above, CBU (↑) |
500% |
350% |
250% |
|
Cylinder Capacity up to 1800 CC (Microbus) (≈) |
30% |
30% |
20% |
|
Cylinder Capacity 1801~2000 CC (Microbus) (↓) |
60% |
100% |
60% |
|
CKD Motor Car, jeep and Station wagons (excluding three wheel vehicle) (↑) |
45% |
30% |
20% |
|
Motorcycles (↑) |
30% |
20% |
20% |
During FY 09-10 government proposed to introduce some new slabs (CC wise) in case of taxation for reconditioned vehicles. The new slabs are –
· Cylinder capacity up to 1501 ~ 1650 CC
· Cylinder capacity up to 1651 ~ 2000 CC
(Presently these two slabs are under capacity 1500 ~ 2000 CC)
· Cylinder capacity up to 2751 ~ 4000 CC
(Presently this slab is under capacity above 2750 CC)
Other Changes
- Used/Old/Reconditioned Motor Cars cab be importable up to 04 (four) years from existing 05 (six) years.
- Rate of Depreciation reduced to 25% from existing 30% (consolidated).
- Government makes it mandatory for the submission of price certificate from the manufacturer or from the trading agent with at least 30 percent ownership of the manufacturer. Detail explanation is as follows:
- Submission of "Manufacturers Price Certificate” from manufacturer is mandatory.
- If it’s not possible to submit the "Manufacturers Price Certificate” issued by Manufacturer, in such case, "Manufacturers Price Certificate” from trading agent with at least 30 percent ownership of the manufacturer is acceptable. But certificate which proves at least 30% ownership of the manufacturer in the trading house must be submitted.
- "Manufacturers Price Certificate” issued by appointed agent/dealer of the manufacturer is not accepted.
- Minimum Value for taxation will be calculated from the value mentioned on "Manufacturer’s price certificate”. But if the declared value is higher than the minimum value, in such case declared value will be considered for taxation.
Source
Budget Speech- Section 279 & Annex C, Table 1.
SRO no 190-law/2010/2308/custom, date- 10 June, 2010
SRO no 191-law/2010/2309/custom, date- 10 June 2010
A document that establishes the terms of a contract between a shipper and a transportation company. It serves as a document of title, a contract of carriage and a receipt for goods.
A truck trailer body that can be detached from the chassis for loading into a vessel, a rail car or stacked in a container depot. Containers may be ventilated, insulated, refrigerated, flat rack, vehicle rack, open top, bulk liquid or equipped with interior devices. A container may be 20 feet, 40 feet, 45 feet, 48 feet or 53 feet in length, 8'0" or 8'6" in width, and 8'6" or 9'6" in height.
A Term of Sale where the seller pays the costs and freight necessary to bring the goods to the named port of destination, but the risk of loss of or damage to the goods, as (continued) well as any additional costs due to events occurring after the time the goods have been delivered on board the vessel, is transferred from the seller to the buyer when the goods pass the ship's rail in the port of shipment. The CFR term requires the seller to clear the goods for export.
A Term of Sale where the seller has the same obligations as under the CFR but also has to procure marine insurance against the buyer's risk of loss or damage to the goods during the carriage. The seller contracts for insurance and pays the insurance premium. The CIF term requires the seller to clear the goods for export.
An International Term of Sale that means the seller fulfills his or her obligation to deliver when the goods have passed over the ship's rail at the named port of shipment. This means that the buyer has to bear all costs and risks to loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for export.
When vehicles are presented to the auction house for sale, the auctioneers undertakes a rigorous inspection of the vehicle prior to the auction and prepares an Inspection Report for prospective buyers to view. This is effectively a 3rd party inspection, as the inspection is not commissioned by the private individual, dealer or corporation submitting the vehicle for auction, and this seller has no control over the contents of the auction house's report; moreover, the auction houses apply flat fees for the vehicles appearance at auction (i.e. they have no vested interest in the vehicle itself). They tend to be very strict with the recording of any perceived faults (as well as fairly representing the sales features of the vehicle), and for good reason - there is a claim/return procedure to which the auction house can be held accountable should the condition of the vehicle not be represented wholly and accurately on the Inspection Report.
An itemized list of goods shipped to a buyer, stating quantities, prices, shipping charges, etc.
A document, issued by a bank per instructions by a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time.
Broadly, insurance covering loss or damage of goods at sea. Marine insurance typically compensates the owner of merchandise for losses sustained from fire, shipwreck, etc., but excludes losses that can be recovered from the carrier.
Original equipment manufacturer, or OEM, is a term that refers to containment-based re-branding, namely where one company uses a component of another company within its product, or sells the product of another company under its own brand. OEM refers to the company that originally manufactured the product.
A quotation in the form of an invoice prepared by the seller that details items which would appear on a commercial invoice if an order results.
Proxy bidding is a system that allows you to bid the maximum amount you are willing to pay for a vehicle with the possibility of winning the vehicle for less. Your bid is kept secret from all other bidders as the auction proceeds. The system will automatically enter your lowest possible winning bid and continue to increase your bid until your maximum bid is reached. If all other bidders stop bidding before your maximum bid is reached, you will win the vehicle for the amount of the final bid plus a standard 3,000 yen increment. You pay the lowest possible winning bid and do not have to pay the full amount of your maximum bid. If there are two or more identical “winning” bids, the bid that was placed first will win the vehicle.
A shortening of the term, "Roll On/Roll Off." A method of ocean cargo service using a vessel with ramps which allows wheeled vehicles to be loaded and discharged without cranes.
The most common payment method that requires the use of cable or telegraph to remit funds. Money does not move physically. The order to pay is wired to an institutions’ casher to make payment to a company or individual.
Known as “shaken” in Japanese. This bi-yearly inspection and component replacement regime also includes mandatory liability insurance, weight tax, vehicle tax and can cost upwards of $1,500 US. New vehicles depreciate at a considerably faster rate than in other countries, and beyond a certain mileage (50,000 miles/85,000 km) it becomes economically prohibitive to renew the “shaken,” as the resale values approach residual. This stringent (some say draconian) system, coupled with the Japanese zeal to own the latest models, gives rise to an abundant number of used vehicles in great condition reaching the auctions every day. The bi-yearly “shaken” also makes tampering with the odometer very difficult as a running record of the car’s mileage is kept and vehicles that deviate from this record are marked on the auction house inspection reports.
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Import Rules & Info
PARTS: New, Rebuilt, Used
PARTS PARTS PARTS !!
Let JCD take care of all your parts needs. As a licensed dealer we get a discount on new parts at all of the major manufacturers. We also have an excellent relationship with the local wrecker. There we can use their Japan wide network and order the exact used or rebuilt part you need. All you need to do is scan and mail, or fax us a copy of your export certificate to assure we get the correct parts for your vehicle. We will then have your part mailed directly to you for a nominal service fee.
LOWER FEES !!
Due to the high yen exchange rate with all other major currencies, JCD has temporarily reduced our service fee. We have cut our fee 80,000 yen to 65,000 yen to give our customers a break from the poor exchange rates. Our service fee per vehicle is further reduced with the number of vehicles per shipment:
Let JCD take care of all your parts needs. As a licensed dealer we get a discount on new parts at all of the major manufacturers. We also have an excellent relationship with the local wrecker. There we can use their Japan wide network and order the exact used or rebuilt part you need. All you need to do is scan and mail, or fax us a copy of your export certificate to assure we get the correct parts for your vehicle. We will then have your part mailed directly to you for a nominal service fee.
LOWER FEES !!
Due to the high yen exchange rate with all other major currencies, JCD has temporarily reduced our service fee. We have cut our fee 80,000 yen to 65,000 yen to give our customers a break from the poor exchange rates. Our service fee per vehicle is further reduced with the number of vehicles per shipment:
1-2 vehicles/shipment = 65,000yen
3-4 vehicles/shipment = 60,000yen
5-7 vehicles/shipment = 55,000yen
8+ vehicles/shipment = 50,000yen
Let us take care of you. We'll work to find the best available vehicles at the very lowest possible price!!
