3. Imposition of Value Added Tax.-

(1)     Value added tax shall be imposed and payable, at the rate of 15% on the base values mentioned in section 5, on all goods imported into Bangladesh, except the goods listed in the First Schedule of this Act, and on the supply of all goods not listed in the said Schedule and on all services rendered in Bangladesh, except those services specified in the Second Schedule of this Act.

(2)     Notwithstanding anything contained in sub-section (I), zero rated tax shall be imposed on the following goods or services, namely:

(a)     any   goods  or  services   exported   or  deemed   to  have  been   exported  from

Bangladesh; (aa)   omitted.

(b)     food and other things supplied to any foreign going transport  for consumption outside Bangladesh in accordance with section 24 of the Customs Act, 1969 (V of

1969) hereinafter referred to as the Customs Act:

Provided that, this sub-section shall not be applicable to the following goods, namely: (a)     any goods re-imported or intended to be re-imported into Bangladesh;

(b)     such goods as have been presented for export in accordance with section 131 of the Customs Act but have not been exported within thirty days of submission of the  bill   of   export  or  within   the  extended   time,   if  any,  allowed  by   the Commissioner in this behalf.

(3)     Value added tax shall be payable by

(a)     in case of imported goods, the importer at the point of import;

(b)     in case of goods manufactured or produced  in Bangladesh, the supplier at the point of production or manufacturing;

(c)     in case of service, the provider/renderer of service; and

(d)     service receiver, when service is rendered from outside the geographical area of

Bangladesh;

(e)     in other cases, the supplier.

(4)     In case of classification of any goods imported or supplied, for the purpose of levy and payment of value added tax under this section, the classification made under Customs Act shall be applicable to the said goods.

(5)     For the purposes of this section, the Board may, in the public interest, by notification in the official Gazette;

(a)     declare any taxable goods or class of goods as taxable service and any taxable service as taxable goods, and

(b)     Provide  clarification  for  the  purpose  of determining  the  extent  of any taxable service.

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