Traders distressed by customs harassment in export-import trade

Traders distressed by customs harassment in export-import trade

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It was mentioned in the master LC, back-to-back LCs and usage declaration (UD) that a discrepancy of 3 per cent in the goods is acceptable, but the customs officials disregarded this provision. They said that even if the excess goods are 2,600 kg, there should be no problem.

According to traders, such incidents of harassment are common in the export-import trade.

The issue was raised by business leaders during a meeting with the Prime Minister at Gana Bhavan on Saturday night. Prime Minister's Advisor on Private Industry and Investment Salman F Rahman led the delegation comprising leaders of various trade bodies.

Apart from customs issues, business leaders urged maintaining bank loan interest rates between 11-12 per cent, ensuring stable dollar supply at fixed rates, uninterrupted gas-power supply and cash incentives.

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