Rules eased for capital goods import

Bangladesh Bank has eased procedures, allowing industrial importers to bring in capital goods on a usance term of up to three years without requiring prior approval from the Bangladesh Investment Development Authority (Bida).

The central bank issued a circular today referencing the decision of the 186th meeting of the Scrutiny Committee on Foreign Loan/Supplier's Credit of Bida, chaired by the Bangladesh Bank governor.

The new instruction aims to simplify access to import finance for industries against the import of capital goods for a tenor of three years.

Presently, a three-year tenor is allowed only for the import of capital machinery.

Industry insiders noted that the latest decision removes procedural hurdles, enabling businesses to import capital goods—such as ships and equipment—on up to three-year usance terms.

This, they said, will significantly improve investment planning and support capacity expansion in key productive sectors.