HS Code 72142000
Iron/steel bars & rods, hot-rolled...,twisted, or with deformations from rolling proc
Worked example
On an assessable value of BDT 100,000, the total duty and taxes payable on 72142000 would be approximately BDT 97,390.00, because the Total Tax Incidence is 97.39% of the assessable value.
What these figures mean
Iron/steel bars & rods, hot-rolled...,twisted, or with deformations from rolling proc is classified under HS code 72142000, which sits in heading 7214 (Iron or non-alloy steel; bars and rods, not further worked than forged, hot-rolled, hot drawn or hot-extruded, but including those twisted after rolling) of chapter 72 (Iron and steel).
Under the Bangladesh Operative Tariff 2026-2027 this line attracts Customs Duty of 5%, Supplementary Duty of 45%, VAT of 15%, Advance Income Tax of 2%, Regulatory Duty of 5% and Advance Tax of 7.5%. Combined, these produce a Total Tax Incidence of 97.39%, which is the figure to multiply by the assessable value of your consignment.
The assessable value is normally the CIF value of the goods plus landing charges. Duties and taxes are applied in a defined order rather than simply added together, which is why the TTI is not the plain sum of the individual rates.
Recorded imports
Between December 2025 and April 2026, NBR recorded commercial imports under 72142000 in 3 of 6 months, totalling 814,984 kg at an assessable value of BDT 48,795,092. That is an average of BDT 60 per kilogram — useful as a rough check on whether a declared value looks plausible. In April 2026 it was the 2,506th largest of 4,161 tariff lines by assessable value.
| Month | Net weight | Assessable value | Per kg |
|---|---|---|---|
| December 2025 | 713,282 kg | BDT 42,303,542 | BDT 59 |
| March 2026 | 71,267 kg | BDT 4,245,894 | BDT 60 |
| April 2026 | 30,435 kg | BDT 2,245,656 | BDT 74 |
Bonded imports. A further 13,121,865 kg worth BDT 995,890,511 entered under the bonded-warehouse regime in the same period — goods brought in duty-free as inputs on the undertaking that they leave again as exports, which in Bangladesh overwhelmingly means ready-made garments. That is 95.3% of everything imported under this code. In practice this line is an export input rather than a product entering the domestic market, so the duty rates above apply to only a small fraction of the trade.
Import figures: NBR Import Statements (IM-4 commercial, IM-7 bonded), December 2025 – May 2026. Assessable value is the customs value on which duty is charged, not the retail or invoice price.
Source: NBR Operative Tariff 2026-2027. The full schedule was reconciled against NBR's online duty calculator before publication; figures were last checked against NBR's live operative tariff search on 10 October 2026.
How this line compares
Chapter 72 contains 188 tariff lines, averaging 51.03%. At 97.39%, 72142000 sits above that average by 46.36 percentage points. It is the 1st most heavily taxed line in the chapter.
Across the whole Operative Tariff the mean is 61.08%, so this line is dearer than the typical import by 36.31 points.
Within heading 7214 alone, rates run from 88.51% to 97.39% across 5 lines. Classification inside a single heading can change the bill substantially, so confirm the eight-digit code rather than working from the four-digit heading.
This line carries supplementary duty of 45%. Only 1,633 of 7,469 lines carry any SD at all, and because it is charged after customs and regulatory duty, and VAT is then charged on top of it, it affects the total far more than the rate alone suggests.