The government is likely to select Commercially Important Persons (CIPs) in export this year after the selection process of the much coveted award remained inconclusive for long three years, according to a source of the Export Promotion Bureau (EPB), Bangladesh.
A total of 125 CIPs will be selected this year for their outstanding contribution to national exports.
The source claimed that once applications are received from intending candidates, these will be processed by the EPB and then handed over to the commerce ministry. After completing their bit of work, the ministry will send the documents to the National Board of Revenue (NBR) for final verification and recommendation.
"This is not only a cumbersome process but also time consuming too", the source said and added "for the last three years, this process could not be completed on time for awarding."
Meantime, EPB has invited applications from bonafide exporters for the selection of Commercially Important Persons (CIPs) in export for the year 2007 based on the export performance of the fiscal year 2005-2006.
Applications in prescribed forms along with Proceeds Realisation Certificate (PRC) for the financial year 2005-2006 issued by respective banks will have to be enclosed with the application form.
The intending exporters are advised to apply in prescribed forms available from the EPB Head Office at Dhaka, Regional Offices at Chittagong, Khulna, Rajshahi and Branch Offices at Comilla, Narayanganj and Sylhet.
Forms will also be available at the Federation of Bangladesh Chambers of Commerce & Industry (FBCCI), Dhaka Chamber of Commerce & Industry (DCCI), Metropolitan Chamber of Commerce & Industry (MCCI), Chittagong Chamber of Commerce & Industry (CCCI), Khulna Chamber of Commerce & Industry (KCCI), Rajshahi Chamber of Commerce & Industry (RCCI), Barisal Chamber of Commerce & Industry (BCCI), Sylhet Chamber of Commerce & Industry (SCCI) and related Trade Associations.
No fees will be needed for collecting application form. Expatriate Bangladeshis, having business office in Bangladesh, can also apply for CIP selection. Applicants are advised to submit the application form to EPB, Dhaka Head Office on or before August 31.