Functions

  • Functions

Functions

  • Advice Government on all Tariff related issues for goods & services & fixation of Tariff & evolve an overall Tariff structure & Tariff rationalization including the examination of transition period for gradual phasing out of Tariff for select industries & identification of tariffication process for select economic activities.
  • Classification of goods & applicable tariffs.
  • Examine market access offers from trading partners and to maintain & monitor tariff changes  of competing & trade partner countries & inventories tariff rates.
  • Carry out studies on cost of production of different goods & services & its competitiveness in relation to other countries.
  • Conduct detailed impact analysis in select sectors like textiles, agriculture, automobiles, steel, information technology, chemicals & engineering goods.
  • Carry out studies of items under market price regime but subject to unfair pricing to the consumer.
  • Core function of BICP including pricing, efficiency, improvement and cost reduction, issue of Public & Private sector, Industrial Product & Services
    • Commodities under Administrative Price Mechanism(APM)
    • State monopolies/public utilities
    •  Government procurement
    • Price Monitoring
    • Others
  • To undertake other tasks as may be assigned by the Government from time to time.