Bangladesh and payment in advance

9 September 2021

We have received an order from Bangladesh and our customs is saying that they can only pay us using a Letter of Credit (LC). Our normal policy for first orders is payment in advance but they have said this is not possible as the order value is USD $35,000.00. Is this correct?

Import reference values applied by customs of Lesser Developed Countries

24 June 2020

We sent an item to Bangladesh. The price specified in the invoice is the exact price the Bangladesh importer is paying for the goods. While awaiting customs clearance we were advised that we needed to increase the value of the goods for customs purposes. Bangladesh customs are insisting that we amend the value and pay a higher amount of customs duty. Can they do this?