Facilitating private ICDs

Increased import handling by private inland container depots (ICDs) has resulted in faster clearance of consignments, much to the relief of importers. Bulk consumer goods as well as inputs for the manufacturing sector enjoy the benefits, while congestion at the Chittgong port has also eased considerably as a result of the widening of operations by private ICDs. Naturally, chances are strong that the government will be convinced to look at the scenario positively.
At a time of increased trade facilitation across the globe, it is extremely important that facilitation in port handling gets utmost priority. In Bangladesh, although the procedures and infrastructure for carrying and clearance of goods through the private ICDs are in place for sometime now, it took rather too long to reap the benefits. There are currently 18 private ICDs in operation in the country. Although their handling of both import and export cargo began in 2007, initially they were allowed to deal with only a few items. The number of items was increased in phases and lately the total number has risen to 37. What is heartening here to note is that the ICDs are now, reportedly, in a position to handle around 30 per cent of the country's total imports -- a remarkable feat in reducing the load on the Chittagong Port, while providing also faster and hassle-free clearance of goods at a cheaper charge.
Globally, ICDs are best known for their facilitation of businesses in a variety of ways. Beside the obvious facilities like customs clearance close to the centres of production and consumption and reduced transport cost, some other unique advantages include reduced demurrage and pilferage, facilities for transit, reduced load on road transportation and so on. In many countries, solution to port congestion has been found in efficient operation of the ICDs. In Bangladesh, where congestion, particularly at the country's largest sea port, is believed to seriously affect both imported and exported cargo, seeking recourse to expanding ICD operations is indeed a highly viable proposition. But problems deterring the expansion in the desired direction might stem from the regulatory mindset of the authorities, namely the National Board of Revnue (NBR).
Indeed, it is the NBR that has been allowing newer items to be handled by the private ICDs -- slowly slackening its hold on some of the bulk import cargoes. To further augment the process, the concerned quarters feel that appropriate monitoring with the aid of advanced technology can make up for any seeming lack of vigilance. This relates to the conduct of the ICDs in addressing issues like misdeclaration and other matters concerning  examination and assessment of imported cargo. With the widening of the scope of activities, the private ICDs have also been increasing their operational capabilities. All that is now expected is more inward and outward flow of trade through the ICDs under adequate supervision. In the process, it will help reduce the cost of doing business.