Elaboration of some Important Terms of Customs and VAT:
1. ADR = Alternative Dispute resolution
AV = Assessable Value
2. ACR = Annual Confidential Report
3. AIT = Advance Income Tax
4. ASYCUDA = Automated System for Customs Data
5. ATV = Advance Trade VAT
6. BAT = British American Tobacco
7. BCT = Bangladesh Customs Tariff
8. B/E = Bill of Entry
9. BEPZA = Bangladesh Export Processing Zone Authority
10. BL = Bill of lading
11. BIN = Business Identification Number
12. BOP = Balance of Payment
13. BOT = Balance of Trade
14.CAD = Cash Against Document
15. CD = Customs Duty
16. C & F = Clearing and Forwarding
17. CCI & E = Chief Controller of Import and Export
18. CEV = Customs Excise & VAT
19. CFR = Council for Foreign Relation/ Cost and Freight
20. CH = Custom House
21. CIF = Cost Insurance Freight
22. CIP = Carriage and Insurance paid to
CKD = Complete knocked Down
23. CPT = Carriage paid to
24. CRF = Clean Report Findings
25. CTA = Custom Training Academy
26. CTR = Certificate on Treasury Receipt
27. DAP = Delivered At Place
28. DAT = Delivered At Terminal
29. DEDO = Duty Exemption Drawback Office
30. DII = Directorate of Intelligence and Investigation
31. DI = Directorate of Inspection
32. DTI = Direct Trade Import
33. ECR = Electronic Cash Register
34. EGM = Export General manifest
35. ERC = Export Registration certificate
36. ERW = Electric Resistance Wielding
37. FOB = Free on Board
38. GATT = General Agreement of Trade and Tariff
39. GRI HS = General Rules for the Interpretation of the Harmonized System
40. HS Code = Harmonized System of coding
41. ICD = Inland Container Depot
42. IGM = Import General manifest
43. IP & CP = Import permit & Clearance permit
44. IPO = Import Policy Order
45. IRC = Import Registration certificate
46. IRD = Internal Resources Division
47. ITC = Import Trade Control
48. LC = Letter of Credit
49. LCA = Letter of Credit Authorization
50. LTL = Less than Truck Load
51. LTU = Large Taxpayers Unit
52. MS = Motor Ship
53. M/V = Motor Vessel
54. M/W = Measurement/Weight
55. NNRF = Non-Negotiable Report Findings
56. NOC = No Objection Certificate
57. PAD = Provisional Assessment of Duty
57. POS= Point Of Sale
58. PRC = Proceeds Realization certificate
59. PRL = Pre- Retirement Leave
60. PSI = Pre-Shipment Inspection
PCA = Post Clearance Audit
61. RD = Regulatory Duty
62. SD = Supplementary Duty
SKD = Semi Knocked Down
63. SRO = Statutory Regulatory Order
64. SWIFT = Society for Worldwide Interbank Financial Telecommunications.
65. TCB = Trading Corporation of Bangladesh
65. TEU = Twenty feet Equivalent Unit
66. TDS = Tax Deduction at Source
67. TIN = Tax Identification Number
68. UD = Utilization Declaration
69. UP = Utilization Permission
70. VAT = Value Added Tax
71. VDS = VAT Deduction at Source
72. WCO = World Custom Organization
1. ADR = Alternative Dispute resolution
AV = Assessable Value
2. ACR = Annual Confidential Report
3. AIT = Advance Income Tax
4. ASYCUDA = Automated System for Customs Data
5. ATV = Advance Trade VAT
6. BAT = British American Tobacco
7. BCT = Bangladesh Customs Tariff
8. B/E = Bill of Entry
9. BEPZA = Bangladesh Export Processing Zone Authority
10. BL = Bill of lading
11. BIN = Business Identification Number
12. BOP = Balance of Payment
13. BOT = Balance of Trade
14.CAD = Cash Against Document
15. CD = Customs Duty
16. C & F = Clearing and Forwarding
17. CCI & E = Chief Controller of Import and Export
18. CEV = Customs Excise & VAT
19. CFR = Council for Foreign Relation/ Cost and Freight
20. CH = Custom House
21. CIF = Cost Insurance Freight
22. CIP = Carriage and Insurance paid to
CKD = Complete knocked Down
23. CPT = Carriage paid to
24. CRF = Clean Report Findings
25. CTA = Custom Training Academy
26. CTR = Certificate on Treasury Receipt
27. DAP = Delivered At Place
28. DAT = Delivered At Terminal
29. DEDO = Duty Exemption Drawback Office
30. DII = Directorate of Intelligence and Investigation
31. DI = Directorate of Inspection
32. DTI = Direct Trade Import
33. ECR = Electronic Cash Register
34. EGM = Export General manifest
35. ERC = Export Registration certificate
36. ERW = Electric Resistance Wielding
37. FOB = Free on Board
38. GATT = General Agreement of Trade and Tariff
39. GRI HS = General Rules for the Interpretation of the Harmonized System
40. HS Code = Harmonized System of coding
41. ICD = Inland Container Depot
42. IGM = Import General manifest
43. IP & CP = Import permit & Clearance permit
44. IPO = Import Policy Order
45. IRC = Import Registration certificate
46. IRD = Internal Resources Division
47. ITC = Import Trade Control
48. LC = Letter of Credit
49. LCA = Letter of Credit Authorization
50. LTL = Less than Truck Load
51. LTU = Large Taxpayers Unit
52. MS = Motor Ship
53. M/V = Motor Vessel
54. M/W = Measurement/Weight
55. NNRF = Non-Negotiable Report Findings
56. NOC = No Objection Certificate
57. PAD = Provisional Assessment of Duty
57. POS= Point Of Sale
58. PRC = Proceeds Realization certificate
59. PRL = Pre- Retirement Leave
60. PSI = Pre-Shipment Inspection
PCA = Post Clearance Audit
61. RD = Regulatory Duty
62. SD = Supplementary Duty
SKD = Semi Knocked Down
63. SRO = Statutory Regulatory Order
64. SWIFT = Society for Worldwide Interbank Financial Telecommunications.
65. TCB = Trading Corporation of Bangladesh
65. TEU = Twenty feet Equivalent Unit
66. TDS = Tax Deduction at Source
67. TIN = Tax Identification Number
68. UD = Utilization Declaration
69. UP = Utilization Permission
70. VAT = Value Added Tax
71. VDS = VAT Deduction at Source
72. WCO = World Custom Organization
1. ADR = Alternative Dispute resolution
AV = Assessable Value
2. ACR = Annual Confidential Report
3. AIT = Advance Income Tax
4. ASYCUDA = Automated System for Customs Data
5. ATV = Advance Trade VAT
6. BAT = British American Tobacco
7. BCT = Bangladesh Customs Tariff
8. B/E = Bill of Entry
9. BEPZA = Bangladesh Export Processing Zone Authority
10. BL = Bill of lading
11. BIN = Business Identification Number
12. BOP = Balance of Payment
13. BOT = Balance of Trade
14.CAD = Cash Against Document
15. CD = Customs Duty
16. C & F = Clearing and Forwarding
17. CCI & E = Chief Controller of Import and Export
18. CEV = Customs Excise & VAT
19. CFR = Council for Foreign Relation/ Cost and Freight
20. CH = Custom House
21. CIF = Cost Insurance Freight
22. CIP = Carriage and Insurance paid to
CKD = Complete knocked Down
23. CPT = Carriage paid to
24. CRF = Clean Report Findings
25. CTA = Custom Training Academy
26. CTR = Certificate on Treasury Receipt
27. DAP = Delivered At Place
28. DAT = Delivered At Terminal
29. DEDO = Duty Exemption Drawback Office
30. DII = Directorate of Intelligence and Investigation
31. DI = Directorate of Inspection
32. DTI = Direct Trade Import
33. ECR = Electronic Cash Register
34. EGM = Export General manifest
35. ERC = Export Registration certificate
36. ERW = Electric Resistance Wielding
37. FOB = Free on Board
38. GATT = General Agreement of Trade and Tariff
39. GRI HS = General Rules for the Interpretation of the Harmonized System
40. HS Code = Harmonized System of coding
41. ICD = Inland Container Depot
42. IGM = Import General manifest
43. IP & CP = Import permit & Clearance permit
44. IPO = Import Policy Order
45. IRC = Import Registration certificate
46. IRD = Internal Resources Division
47. ITC = Import Trade Control
48. LC = Letter of Credit
49. LCA = Letter of Credit Authorization
50. LTL = Less than Truck Load
51. LTU = Large Taxpayers Unit
52. MS = Motor Ship
53. M/V = Motor Vessel
54. M/W = Measurement/Weight
55. NNRF = Non-Negotiable Report Findings
56. NOC = No Objection Certificate
57. PAD = Provisional Assessment of Duty
57. POS= Point Of Sale
58. PRC = Proceeds Realization certificate
59. PRL = Pre- Retirement Leave
60. PSI = Pre-Shipment Inspection
PCA = Post Clearance Audit
61. RD = Regulatory Duty
62. SD = Supplementary Duty
SKD = Semi Knocked Down
63. SRO = Statutory Regulatory Order
64. SWIFT = Society for Worldwide Interbank Financial Telecommunications.
65. TCB = Trading Corporation of Bangladesh
65. TEU = Twenty feet Equivalent Unit
66. TDS = Tax Deduction at Source
67. TIN = Tax Identification Number
68. UD = Utilization Declaration
69. UP = Utilization Permission
70. VAT = Value Added Tax
71. VDS = VAT Deduction at Source
72. WCO = World Custom Organization

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