Dhaka, April 7 -- The National Board of Revenue (NBR) has moved to automate the verification of commercial invoices to prevent revenue leakage and streamline the import-export process.

The NBR has integrated its "Asycuda world" system with the Bangladesh Bank's (BB) "Foreign Exchange Transaction Management System" (FXTMS), according to a media statement issued on Tuesday.

This interconnection allows customs authorities to access and verify commercial invoice data in real-time directly from the central bank's database, eliminating the need for manual, paper-based submissions.

NBR Chairman Abdur Rahman Khan inaugurated the piloting phase of the project on Tuesday.

Under the previous system, importers had to collect certified commercial ...