Commercial Transactions, International Trade

GDP wise Bangladesh is the 33th largest economy of the world. It is the 2nd largest Garments producer of the world. Certainly, the country has made its name as Emerging Tiger in South East Asia which is contributing to developing all related service industries which include Shipping, Freight Forwarding, Commercial Banking and also Legal service industries. Smooth Commercial Transaction and International Trade require strong legal support. Conducting due diligence on VAT, Tax, Custom related matters, deciding HS Codes and valuation, determining terms and conditions of the Sales contract or Pro-forma Invoices, Bill of Lading, seeking compliance with local and international foreign exchange control regulation, international trade law, determining suitable INCOTERMS, UCP 600 etc are only few areas where prudent client takes legal advice. Determining applicable HS codes and valuation based on the nature of import and export is the key to avoiding potential dispute and unwanted claim from Tax authorities. Besides, consistency and coherence of different terms in several commercial documents also significantly help clients in case of disputes involving cargo payment and delivery.