The National Board of Revenue (NBR) of Bangladesh has announced full exemption from all existing duties and taxes on the import of electric buses used for transporting students of schools, colleges, universities, and similar educational institutions. The decision was formalized through a statutory regulatory order (SRO) issued on Thursday, according to an official press release. The exemption covers customs duty, regulatory duty, value-added tax, supplementary duty, advance tax, and advance income tax.

The NBR stated that both educational institutions and their authorized representatives importing electric buses for student transport will be eligible for the exemption. The buses must be painted yellow and clearly marked with words such as “school,” “college,” “student bus,” or “transport.” The NBR will process import applications within ten working days. The board also mentioned that the government is considering reducing duties on electric buses for general passengers to encourage energy savings and reduce travel costs.

According to the NBR, the exemption will help institutions provide modern, eco-friendly transport for students, reduce traffic congestion, save fuel, and lower parents’ transportation expenses.