Pvt ICDs to face action for not complying with set conditions
Thursday, 18 September 2008
Our Correspondent
CHITTAGONG, Sept 17: Chittagong Customs House will soon take action against some private inland container depots (ICD) for their failure to comply with different terms and conditions set for transacting business.
Activities of some ICDs, including Sea Fearer Ltd, Iqbal Depot Ltd and CCTCL Unit-2, were suspended recently considering business transaction with them risky and insecure.
According to the Customs House sources, in a meeting with the chairman of National Board of Revenue (NBR) in July this year, it was resolved to suspend the facilities of the ICDs that failed to comply with prescribed rules, terms and conditions of handling of export and import goods.
Earlier, the committee formed with the officials of the Joint Forces and Customs visited different ICDs recently and witnessed a lot of irregularities there.
Meanwhile, the Customs House served show cause notice to the ICDs, which were asked to fulfil the terms and conditions of licence. Failure to fulfil these within the deadline set for the purpose, may lead to cancellation of their licence.
It is gathered, a good number of ICDs are not able to fulfil the terms and conditions set by CCH. As such, bonded warehouse licence of the depots of similar nature may be postponed, CCH sources said.
Privately owned container-handling business began in 1995 and the NBR formulated specific guidelines for them in 1998. A total of 11 organisations have so far been allowed to establish ICD until 2007. The whole export business of the RMG sector is executed through these ICDs.
CHITTAGONG, Sept 17: Chittagong Customs House will soon take action against some private inland container depots (ICD) for their failure to comply with different terms and conditions set for transacting business.
Activities of some ICDs, including Sea Fearer Ltd, Iqbal Depot Ltd and CCTCL Unit-2, were suspended recently considering business transaction with them risky and insecure.
According to the Customs House sources, in a meeting with the chairman of National Board of Revenue (NBR) in July this year, it was resolved to suspend the facilities of the ICDs that failed to comply with prescribed rules, terms and conditions of handling of export and import goods.
Earlier, the committee formed with the officials of the Joint Forces and Customs visited different ICDs recently and witnessed a lot of irregularities there.
Meanwhile, the Customs House served show cause notice to the ICDs, which were asked to fulfil the terms and conditions of licence. Failure to fulfil these within the deadline set for the purpose, may lead to cancellation of their licence.
It is gathered, a good number of ICDs are not able to fulfil the terms and conditions set by CCH. As such, bonded warehouse licence of the depots of similar nature may be postponed, CCH sources said.
Privately owned container-handling business began in 1995 and the NBR formulated specific guidelines for them in 1998. A total of 11 organisations have so far been allowed to establish ICD until 2007. The whole export business of the RMG sector is executed through these ICDs.