Car Import Regulations-Authentic Autos BD
Regulations for Car Import from Japan to Bangladesh
Bangladesh is a nation that is experiencing rapid growth and modernization. Along with this development, the demand for transportation has increased.
Automobiles are among the most favored means of transport in Bangladesh, leading to a rise in the importation of cars from abroad.
Japan has become a favored source for imported vehicles due to the extensive range of models available and the relatively affordable prices of cars in Japan when compared to other nations. The dependable performance and durability of Japanese cars have also played a significant role in their widespread popularity.
Importers should familiarize themselves with the regulations governing car imports in Bangladesh from Japan. Continue reading to discover more about these regulations.
What Are the Most Popular Japanese Car Brands In Bangladesh?
Japan began constructing its inaugural automobile in 1902, and the industry has consistently expanded. Increasingly, Japanese automotive brands dominate the vehicle market.
With the advent of superior quality, fuel efficiency, dependable engine performance, appealing designs, and long-lasting durability, Japanese cars have gained significant popularity throughout Japan.
Due to the rising popularity of Japanese vehicles in their home nation, these automobiles caught the attention of consumers worldwide. In the late 1950s, Japan started exporting its cars to other nations.
Presently, a large number of vehicles are imported from Japan into Bangladesh. Nearly 80 percent of the cars found on Bangladeshi roads are manufactured in Japan. Below is a list of the most well-known brands imported by Japanese car dealers in Bangladesh.
1. Toyota
2. Honda
3. Mazda
4. Subaru
5. Nissan
6. Mitsubishi
In this list, Toyota stands out as the most favored brand. Numerous Toyota models are well-liked in Bangladesh, including the Corolla Axio, Allion, Premio, Noah, Esquire, Hiace, C-HR, Prius, Harrier, Prado, Yaris, Camry, and Crown, among others.
Understanding the Regulations for Car Import in Bangladesh from Japan
Bringing cars into any nation can be a complicated procedure, so it is crucial to understand the rules to prevent issues, delays, and fines. As a result, you will require the help of a trustworthy and experienced car importer.
The rules for importing vehicles into Bangladesh from Japan exist to safeguard the interests of both the importer and the nation.
The Bangladeshi government aims to ensure that only vehicles fulfilling specific criteria are brought in and that all applicable taxes and tariffs are settled. Every Japanese car importer in Bangladesh should be knowledgeable about the following import regulations:
Car Shipping Requirements
To import a car from Japan to Bangladesh, you’ll need to ship it through one of the country’s ports. The port authorities will conduct an inspection and confirm that all necessary taxes and duties have been settled.
Chittagong and Mongla seaports are the primary gateways for car imports in Bangladesh. The most common method for shipping cars from Japan is the Ro-Ro (roll-in/roll-out) approach.
Documents That Are Required for Car Import in Bangladesh from Japan
To successfully clear customs, it is essential for the importer to provide several important documents. Below is a list of documents needed for the release of cars at the seaport:
1. Registration from The Country of Origin : This document serves as proof that the car is registered in its home country and is free from any restrictions.
2. Export Certificate : All vehicles imported into Bangladesh require an export certificate issued by the Japanese government. This must be submitted to Bangladeshi customs upon arrival.
3. Original Invoice : The original invoice from the Japanese dealership is necessary to complete the customs clearance process.
4. Packing List : A comprehensive packing list detailing all items accompanying the vehicle, such as spare parts and accessories, is required for the vehicle’s clearance.
5. LC Application Form : This form is essential to apply for a Letter of Credit from a bank, which is necessary for financing the vehicle purchase.
6. JAAI Certificate : The JAAI (Japan Auto Appraisal Institute) certificate demonstrates the car’s condition and is mandatory for all used vehicles being imported into Bangladesh.
7. Bill of Lading : Issued by the shipping company, this document contains shipment details, including the car’s make, model, and VIN number.
8. Condition Report : A condition report must be prepared for all vehicles entering Bangladesh, outlining both the exterior and interior condition, along with any mechanical issues.
9. Customs Duties and Taxes : The importer is responsible for settling all customs duties and taxes levied on the vehicle.
Ensuring all these documents are in order will help facilitate a smooth customs clearance process.
Tax Rate on Import Japanese Cars to Bangladesh
Import duties and taxes play a vital role in generating revenue for the government, which in turn supports essential programs and services.
To ensure that all imported vehicles comply with the appropriate tax regulations, the Bangladesh government has implemented specific guidelines. The Bangladesh Customs and the National Board of Revenue (NBR) have established tax rates based on the Japanese Yellow Book Value.
Year Restrictions on Car Imports
The government has set regulations regarding the age of vehicles that can be imported from Japan. These measures aim to ensure that only well-maintained cars enter the market and that the infrastructure of the country can accommodate the potential rise in road traffic.
Currently, only cars that are up to five years old are allowed for importation from Japan. Any vehicle older than five years is not permitted to be imported into Bangladesh.
Regulation for Steering Handle Driving Position
To ensure road safety and prevent accidents, the government of Bangladesh has implemented a regulation mandating that all imported vehicles must have a right-hand steering position.
This means that the driver’s seat needs to be situated on the right side of the vehicle. Given that both right-hand and left-hand drive cars are produced in Japan, it’s essential to verify the driving position before importing any vehicle. Please note that importing left-hand drive cars into Bangladesh is prohibited.
Conclusion
The importation of automobiles into Bangladesh is subject to strict government regulations. We trust that you now have a clearer understanding of the car import process from Japan and the requirements involved. To prevent any fines or penalties, it’s crucial to adhere to all relevant rules and regulations.