RMG export: Apparel exporters in Bangladesh are feeling the pinch of a looming global recession, persisting higher inflation and dragging severe fallout of the Russia-Ukraine war as orders from international buyers have fallen.
Imports Under Bond Facility
Sohel Hossain Patwary
9th January, 2021 10:51:05
Readymade garments exporters have sought withdrawal of all HS code of raw materials in the bond licence for the sake of quick release of imported raw materials for the apparel sector.
Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) in two separate letters to the National Board of Revenue (NBR) have demanded the facilities.
HS (Harmonized System) is a standardized numerical method of classifying traded products. It is used by customs authorities around the world to identify products when assessing duties and taxes and for gathering statistics.