Art. IX Administratief Akkoord tussen het Koninkrijk der Nederlanden en Bangladesh inzake het project " Integrated Planning for Sustinable Water Management (IPSWAM)"

1. The provisions of Article IV and V of the Agreement shall be applicable to the import and export of the equipment and materials provided by the Netherlands Party as well as to the status of the said equipment and materials. 2. The imported project equipment shall be subject to payment of Customs Duty and Value Added Tax (CD/VAT etc) by the project implementing agency at clearance stage. 3. Machinery, tools, implements and equipment imported for projects on re-exportable basis will be allowed temporary importation facilities under sections 35 & 36 of the Customs Act, 1969 currently in force in Bangladesh and rules framed thereunder. 4. Any supplies and services received or provided locally under the Project will be subject to domestic VAT etc. as per provisions of relevant acts and rules. 5. The Netherlands Party is in no way under an obligation to pay the Customs Duty or VAT etc.

Equipment and Materials

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