Home / Knowledge / News / Textiles / Yarn imports under customs scanner at Benamole Land Port

Yarn imports under customs scanner at Benamole Land Port

Jan '06
The government reopened the Benapole Land Port (BLP)for importing knit yarn from December 15.

The National Board of Revenue (NBR) has suggested various steps to prevent revenue irregularities arising out of knit yarn imports through the country's Benapole land port.

They are listed below:
Customs commissionerate to ensure 100 percent export-oriented knitwear manufacturing units import yarn vide valid bond license.

Bond commissionerate to make sure imports of knit yarn take place through letters of credit (LCs).

The customs officials have to make physical verification of yarn and make their 'challans' on a random basis, the order reveals.

Prevent pilferage of items and ensure necessary steps to enter details in the register books.

The bond commissionerates have to check the consistency of information between Benapole land port authority and the concerned banks.

The Bangladesh Textile Manufacturers and Exporters Association (BTMA) and local textile manufacturers are against the government's move of opening of the BLP.

However, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) supports government move as import would be cheaper.

Price of one-kg Indian knit yarn is about $ 0.50 lower compared to local yarn, conveyed BKMEA President Fazlul Hoque.

About 1200 local knitwear units consume around 450 million kgs of yarn per annum of which 70 per cent yarn requirement is met by local textile industries, he added.

The country's knitwear sector earned about $ 1239 million during the first four months of the financial year, up 26 per cent over the last fiscal, he noted.

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 4th Aug 2020

EVFTA fabric origin rule a challenge for Vietnamese firms

Despite the European Union (EU)-Vietnam Free Trade Agreement (EVFTA), ...

Pic: Tailored Brands

Retail | On 4th Aug 2020

Tailored Brands files voluntary bankruptcy petitions

US retail holding firm Tailored Brands and certain of its...

Pic: Chico's FAS

Apparel/Garments | On 4th Aug 2020

Chico's FAS Canada files for bankruptcy, to close stores

Chico's FAS Canada, a subsidiary of US women's clothing and...

Interviews View All

Nuno Venda, ROQ

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Divyesh Mashruwala, Akshar Industries

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Francesca Polato,

Francesca Polato

Berto Industria Tessile was founded in Bovolenta, a small town in the...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Amol Bhagwati,

Amol Bhagwati

A textile finishing solution provider, Inspiron Engineering Private...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

July 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search