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FASTER DELIVERY OF RAW MATERIALS

BGMEA asks NBR to provide green channel facility

Staff Correspondent
05 Jul 2022 00:00:29 | Update: 05 Jul 2022 00:00:29
BGMEA asks NBR to provide green channel facility

BGMEA President Faruque Hassan called on the National Board of Revenue to provide RMG exporters with green channel facility to ensure faster delivery of imported raw materials with coordination between the authorities of customs and port.

He also called on the board to issue self-clearance licence to RMG exporters to allow them to take quick delivery of imported raw materials from the ports. 

He made the request during a meeting with NBR Chairman Abu Hena Md Rahmatul Muneem at the NBR Office in Dhaka on Monday.

BGMEA Vice President Shahidullah Azim, Director Asif Ashraf and BGMEA Standing Committee on Foreign Mission Cell Chair Shams Mahmud were also present at the meeting.

The BGMEA leaders laid stress on the importance of simplifying business procedures for the export-oriented apparel makers to retain its competitiveness in the global market.

They requested the NBR to remove customs and bond related hindrances from the business proceedings to accelerate the growth of the RMG industry.

Faruque Hassan said simplified business procedures will reduce lead time, thus will make the apparel industry of Bangladesh more competitive.

It will pave the way of seizing new opportunities that are lying ahead of the RMG industry, he added.

NBR Chairman Abu Hena Md Rahmatul Muneem congratulated the RMG sector on making outstanding contribution to the total export earnings of Bangladesh that reached $52.08 billion in 2021-2022 financial years where apparel industry alone fetched $42.61 billion.

This is a great achievement and milestone for Bangladesh in the year after the country celebrated its 50th anniversary, he said.