The Bangladesh Flag Vessel (Protection) Bill, 2019 was placed in the parliament today with a provision for the local vessels to carry 50 percent cargos from the existing 40 percent.
State Minister for Shipping Khalid Mahmud Chowdhury placed the Bill and it was sent to the respective Parliamentary Standing Committee for further scrutiny. The committee was asked to submit its report within 10 days.
Three changes have been made in The Bangladesh Flag Vessel (Protection) Act, 2019 with provisions for the vessels to carry 50 percent cargos from the existing 40 percent; fixing 30 days for making an appeal by an aggrieved person and Tk 5 lakh as the highest administrative punishment in case of floating the law.
The vessels registered with Bangladesh are called Bangladesh flag vessels.
The ‘Bangladesh Flag Vessels (Protection) Ordinance 1982’ was promulgated on June 28, 1982, and following the Supreme Court order, some changes were brought to it. The government has turned the ordinance of 1982 into an act following the order of the Supreme Court.
Another bill titled Customs Bill, 2019 was placed in the parliament saying that the government can formulate separate customs-related rules for the hi-tech parks and other specialized zones set up under the Bangladesh Export Processing Zone Authority Act, Bangladesh Economic Zones Act 2010, and Bangladesh Hi-tech Park Act Authority 2010.
As per the bill, the government will be able to formulate the rules under the law in consultation with the National Board of Revenue.
Finance Minister AHM Mustafa Kamal placed it that was sent to the respective scrutiny committee. The committee was asked to submit its report with 30 days.