India bangladesh agreement
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An agreement was signed between Bangladesh and India on September 6, 2011 to make 46 ready-made garment (RMG) items duty-free to import from Bangladesh to India. This was an opportunity for importers as duty was previously a major issue, preventing imports from Bangladesh. The duty-free benefit applies to retailers and importers from any country wanting to import these 46 RMG items from Bangladesh to India. The electric media did not widely publicize this agreement, so people in Bangladesh and abroad were not well aware of it.
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![As you may well aware that; a significant numbers of retailers have setup their store in India; are coming
from EU, US. Also they are pleased about their business and progressing day by day. Most of them are
buying their products from India even though was trying to import from Bangladesh but DUTY was a big
issue to not to import. But now the opportunity comes to start as there are 46 RMG items are now duty
free to import from Bangladesh to India.
6th September, 2011 had signed in an agreement in between Bangladesh and India regarding Duty free
46 RMG export items to India but unfortunately may not highlighted by electric media; so not only
Bangladeshi peoples but also foreigners are not well aware about this. I do believe strongly that this is a
good sign to be balance economy between these two countries. Hope this will not be benefitted not
only Bangladeshi but also any other countrys retailer/importer can enjoy this benefit who wants to
imports goods from Bangladesh to India. The products list as follows;
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 85/2011-Customs
New Delhi dated the 6th September, 2011.
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962
(52 of 1962), and in supersession of the notification of the Government of India, in the Ministry of
Finance (Department of Revenue), No. 107/2008-Customs, dated the 6th October, 2008[G.S.R. 718 (E),
dated the 6th October, 2008], except as respects things done or omitted to be done before such
supersession, the Central Government, being satisfied that it is necessary in the public interest so to do,
hereby exempts the goods of the description specified in column (3) of the Table hereto annexed and
falling under the Chapter, heading, sub-heading or tariff item of the First Schedule to the Customs Tariff
Act, 1975 (51 of 1975), as specified in the corresponding entry in column (2) of the said Table, when
imported into India from a country listed in APPENDIX to this notification from the whole of the duty of
customs leviable thereon under the said First Schedule.
Provided that the importer proves to the satisfaction of the Deputy Commissioner of Customs or
Assistant Commissioner of Customs, as the case may be, that the goods in respect of which the benefit
of this exemption is claimed are of the origin of the country listed in the APPENDIX in accordance with
the Rules of Determination of Origin of Goods under the Agreement on South Asian Free Trade Area
(SAFTA), 2006, published in the notification of the Government of India in the Ministry of Finance
(Department Revenue) No 75/2006-Customs, (NT) dated the 30th June,2006.](https://image.slidesharecdn.com/indiabangladeshagreement-120204095226-phpapp02/85/India-bangladesh-agreement-1-320.jpg)
India bangladesh agreement
- 1. As you may well aware that; a significant numbers of retailers have setup their store in India; are coming from EU, US. Also they are pleased about their business and progressing day by day. Most of them are buying their products from India even though was trying to import from Bangladesh but DUTY was a big issue to not to import. But now the opportunity comes to start as there are 46 RMG items are now duty free to import from Bangladesh to India. 6th September, 2011 had signed in an agreement in between Bangladesh and India regarding Duty free 46 RMG export items to India but unfortunately may not highlighted by electric media; so not only Bangladeshi peoples but also foreigners are not well aware about this. I do believe strongly that this is a good sign to be balance economy between these two countries. Hope this will not be benefitted not only Bangladeshi but also any other countrys retailer/importer can enjoy this benefit who wants to imports goods from Bangladesh to India. The products list as follows; GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 85/2011-Customs New Delhi dated the 6th September, 2011. G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 107/2008-Customs, dated the 6th October, 2008[G.S.R. 718 (E), dated the 6th October, 2008], except as respects things done or omitted to be done before such supersession, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified in column (3) of the Table hereto annexed and falling under the Chapter, heading, sub-heading or tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), as specified in the corresponding entry in column (2) of the said Table, when imported into India from a country listed in APPENDIX to this notification from the whole of the duty of customs leviable thereon under the said First Schedule. Provided that the importer proves to the satisfaction of the Deputy Commissioner of Customs or Assistant Commissioner of Customs, as the case may be, that the goods in respect of which the benefit of this exemption is claimed are of the origin of the country listed in the APPENDIX in accordance with the Rules of Determination of Origin of Goods under the Agreement on South Asian Free Trade Area (SAFTA), 2006, published in the notification of the Government of India in the Ministry of Finance (Department Revenue) No 75/2006-Customs, (NT) dated the 30th June,2006.
- 2. Table 46 Sl.No Chapter, heading, sub- Description of goods SL NO heading or tariff item of the First Schedule 1 160 500720 Other Woven Fabrics of Silk, containing 85 % or more by weight of silk or of silk waste other than noil Silk. 2 170 610342 Men's or Boy's Trousers 3 171 610343 Men's /Boy's Trousers, Overalls and Shorts - Knitted -Synthetic Fibres 4 178 610462 Women's or Girls Trousers, Overalls and Shorts-Knittes- of Cotton 5 179 610463 All goods 6 181 610510 All goods 7 182 610520 All goods 8 183 610610 All Goods-knitted 9 185 610711 All goods 10 187 610721 All goods 11 189 610791 All goods 12 191 610821 All goods 13 192 610822 Womens/Girls Briefs and Panties: Knitted or crocheted: of Man-made Fibres. 14 193 610831 Women's or Girls Nightdresses and Pyjamas knitted or Crocheted- of Cotton 15 194 610910 All goods 16 195 610990 All goods 17 197 611020 All goods 18 198 611030 All goods 19 199 611090 All goods 20 200 611120 Babies Garments and Clothing Accessories: Knitted or crocheted of cotton. 21 201 611130 All goods 22 203 611241 Of synthetic fibres 23 204 611300 Garments , made-up of knitted or crocheted fabrics of heading No. 59.03,59.06 24 205 611420 All goods 25 208 611699 All goods 26 210 620332 All goods 27 211 620333 All goods 28 212 620342 Mens/Boys Trousers, Overalls and Shorts -Woven- Cotton 29 214 620413 All goods
- 3. 30 215 620452 All goods 31 216 620462 Womens/Girls Trousers, Overalls and Shorts-Woven-Cotton 32 217 620520 Mens/Boys Shirts-Woven-Cotton 33 218 620530 Mens/Boys Shirts-Woven-Man-Made- Fibres 34 219 620590 All goods 35 221 620630 Womens/Girls Blouses, Shirts and Shirt- Blouses-Woven-Cotton 36 222 620721 All goods 37 223 620821 All goods 38 224 620920 All goods except hats 39 225 620930 All goods except hats 40 226 621040 All goods 42 227 621050 Sweaters, Sweat Shirts and Waist-Coats- Knitted-Cotton 42 228 621111 All goods 43 229 621132 All goods 44 230 621133 All goods 45 233 621210 All goods 46 235 621710 Made-Up Clothing Accessories; Woven http://www.bgmea.com.bd/home/pages/Duty_free_46_RMG_export_items_to_India A significant numbers of *Retailers* have setup their store in India; are coming from EU & US. Also they are pleased about with their business and progressing day by day. Most of them are buying their products from India even though was trying to *import from Bangladesh* but DUTY was a big issue to - not to import-. But now the opportunity comes to start as there are *46 RMG items are now duty free to import from Bangladesh to India*. 6th September, 2011 had signed in an agreement in between Bangladesh and India regarding _*Duty free 46 RMG export items to India*_ but unfortunately may not highlighted by electric media; so not only Bangladeshi peoples but also foreigners are not well aware about this. I do believe strongly that this
- 4. is a good sign to come to a balance economy between these two countries. Hope this benefits are not only for Bangladeshi but also any *Retailer/Importer from any country* can enjoy this benefit to import the goods from Bangladesh to India. The products list as follows; http://www.bgmea.com.bd/home/pages/Duty_free_46_RMG_export_items_to_India