Dhaka, April 7 -- In a step toward establishing a paperless customs environment, the National Board of Revenue (NBR) and Bangladesh Bank (BB) have officially integrated the Asycuda World system with the Foreign Exchange Transaction Management System (FxTMS).

NBR Chairman Md. Abdur Rahman Khan inaugurated the integration process on Tuesday.

Following a successful User Acceptance Test, the piloting phase of this initiative has officially commenced.

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This new system ensures that commercial invoices issued by exporters are transmitted in a uniform format from all commercial banks to the Asycuda World system via Bangladesh Bank's FxTMS in real-time.

Previously, importers had to submit physica...