The owners of textile mills have reached out to the Customs Bond Commissionerate, requesting their assistance in addressing a pressing issue. They allege that yarn, fabric, and dress materials, imported with fraudulent declarations, are being unlawfully sold in local markets, resulting in a significant decline in the demand for locally produced goods.
Media reports claimed this, adding in a letter signed by Mohammad Ali Khokon, the President of the Bangladesh Textile Mills Association (BTMA), it is emphasised that the textile sector is facing severe challenges.
These include an extraordinary surge in fuel oil prices and a critical shortage of dollars. As a result of a severe gas shortage, mills are operating at a mere 30 per cent to 50 per cent of their production capacity. The situation has been exacerbated by the unethical sale of imported yarn, fabric, and dress materials through various means in the local market.
Given this precarious situation, the BTMA has sought the intervention of the Customs Bond Commissionerate, which operates under the National Board of Revenue (NBR), to curb the sale of textile products that have been imported under false declarations and bond agreements.
