DOT Desk: The company – which had previously released a Rolls Royce car worth Tk27 crore from Chattogram Export Processing Zone (EPZ) without paying import duties – had also violated the National Board of Revenue’s regulations in case of obtaining a bond license, reports TBS.
All directors or owners of a company have to put their signatures on a non-judicial stamp of Tk2,000 while applying for a general bond license. However, signatures of only two directors of Z&Z Intimates Limited were obtained, those too were not attested by the lien bank.
So, the Chattogram Bond Commissionerate suspended their general bond license on 14 July in a letter signed by the Commissionerate’s CEPZ Division Deputy Commissioner Tapan Kumar Chakraborty.
A letter was sent to all custom houses, VAT Commissionerate and Bond Commissionerate of the country in this regard.
Commissioner of Chittagong Custom Bond Commissionerate AKM Mahbubur Rahman said, the validity of general bond license of Z&Z Intimates Limited has been temporarily suspended.