The International Financial Organisations Order, 1972 (President's Order)
First Schedule(c) Sections 2 to 9 inclusive of Article VIII of the Association
First Schedule
First Schedule (c) Sections 2 to 9 inclusive of Article VIII of the Association Agreement as set out in Part III of the Second Schedule of this Order, shall have the force of law in the People’s Republic of Bangladesh: Provided that nothing in Section 9 of Article IX of the Fund Agreement or in Section 9 of the Article VII of the Bank Agreement or in Section 9 of Article VIII of the Association Agreement shall be construed as— (a) entitling the Fund or the Bank or the Association to import into Bangladesh goods free of any duty of customs without any restriction on their subsequent sale therein, or (b) conferring on the Fund or Bank or the Association any exemption from duties or taxes which form part of the price of goods sold or which are in fact no more than charges for services rendered. 9. Nothing in this Order shall prejudice or derogate from the right of the People’s Republic of Bangladesh to claim, receive or recover from Pakistan any assets, including gold subscription to the Fund. 10. The Government may, by notification in the official Gazette, make rules for giving effect to the provisions set out in the Schedules, and generally for carrying out the purposes of this Order.
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