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Government Amends Import Policy Order with New Provisions for Importers and Industries

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Government Amends Import Policy Order with New Provisions for Importers and Industries
The government has introduced several amendments to the Import Policy Order, 2026–2029, bringing changes to provisions related to insurance, specialised products, capital machinery, raw materials and other import-related matters.

The amendments were issued through a gazette notification by the Import and Internal Trade-1 Branch of the Ministry of Commerce on September 20, 2026.

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The notification said the amendments were made under the powers conferred by Section 3(1) of the Imports and Exports (Control) Act, 1950, as well as Articles 20 and 22 of the Import Policy Order, 2026–2029.

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Under the amended provisions, private importers will be required to submit electronically, through an online system, the cover note and relevant insurance policy issued by the Sadharan Bima Corporation, a Bangladeshi insurance company or, where applicable, a foreign insurance company to the customs authorities at the time of clearance of imported goods.

The amendments also introduce provisions concerning the import of specialised fabrics and other materials used in the production of garments, including certain synthetic-fibre garments, seamless sportswear, high-value fashion items and fashionable clothing. Recommendations from the relevant associations have also been incorporated in certain cases.

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Changes have further been made to provisions governing the import of specialised products and specific raw materials. Several clauses have also been amended concerning Utilisation Declarations (UDs), procurement of raw materials and the permissible quantities of imports.

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The provisions regarding the import of salt by large licensed industrial establishments have also been revised. Under the amended rules, the quantity of salt to be imported will be determined based on the annual entitlement approved by the customs authorities and actual consumption. A recommendation from the sponsoring authority will not be required in such cases.

Another significant amendment concerns the import of capital machinery by approved industrial establishments. Under the revised provision, all approved industrial establishments will be allowed to import capital machinery required for setting up an establishment without an Import Registration Certificate (IRC).

The amended policy also allows industrial establishments to import necessary spare parts for the repair and maintenance of capital machinery to keep such machinery operational and production-ready.

According to the notification, the amended provisions will come into force immediately.

The notification was issued by the Ministry of Commerce and signed by Joint Secretary Surat Kumar De by order of the President.

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