source But since the matter is important, Finance Minister Abul Maal Abdul Muhith has said that the Cabinet will have to take final approval of this policy.
After approving the policy on economic affairs cabinet committee on Wednesday, he told reporters, "Now import gold, there was no import, so all smiles would happen. No gold imports were done in this country any day. "
Because of the lack of import policy, there was no chance of importing gold on a commercial basis in Bangladesh. But there are allegations that illegally huge gold has come to the country by tax evasion.
The smuggled gold bars were deposited in the Bangladesh Bank after the sale of auction, but the central bank has not been auctioned for a long time, due to limited opportunity to buy gold from a legitimate source, Jewelery businessmen were expressing anger.
The Finance Minister said, the policy will now go to the cabinet, where the final decision will be made. Once the policy is passed, the license of gold import will be obtained from the Bangladesh Bank.
Later, Additional Secretary of the Cabinet Division Mustafizur Rahman told reporters, "This policy is being implemented to bring gold trade under the rule of meeting domestic demand."
He said that after the import of gold, 'value added' will have the opportunity to export it again in this policy.
"There is a regulatory framework for buying and selling it. Its feature is that the Bangladesh Bank will appoint the dealer, through which (gold) will be imported. Who can import who have the crystals. As a result, the business can run legally well. "
The additional secretary said, 'informally' the import that is now being discouraged is discouraging.
"No one can bring it like this. Authorized dealer (gold) will bring bar, Bangladesh Bank will maintain the information store. "
Last year, the main accused in the case of rape of two university students at the Banani Hotel, 15 pieces of gold jewelery worth Tk. 3 jewelers and seven thousand 369 diamond jewelery seized by the Customs Intelligence Department,
The Directorate of Customs Duty had alleged that their authorities could not show any valid festival of gold and jewelery seized.
The Bangladesh Jewelers Association vice-president Enamul Haq Khan said at a press conference at the time of strikes threatening to return the gold of his gold, that the way his jewelers traded, the gold traders across the country do the same business.
Since the government did not give permission to import gold, it is valid that in the same way they have been living for a long time, it is valid that another general secretary Dilip Kumar Agarwala said.
He demanded to import gold import policy, gold artist policy within the financial year 2017-18 to allow the import of gold illegally.
Later, in the budget speech of the Parliament, Finance Minister Abul Maal Abdul Muhith also asked to prepare a time-bound policy for gold import and jewelery industry.
Muhith said, "The jewelery is an old tradition of Bengal's climate. Although there is a bright future of jewelery industry in Bangladesh, this industry has not developed so much due to lack of necessary policy support. "
TIB's research report, which was released last year, said that due to lack of import in a legal way, government's revenue loss in the gold sector in the year 487 to 974 crore
Despite the demand of 18 to 36 metric tons of gold annually in the country's market, the demand is being filled through the 'lion' smuggling and in the last four financial year, 1,674 kg gold was seized at the airport, the TIB report said.