CIID seizes 107 tonnes of clothes for exploiting bond facility

Customs Intelligence and Investigation Directorate (CIID) officials have seized 107 tonnes of cloth from a warehouse in Chattogram for allegedly trying to sell them in the open market after importing under the bond facility.

Officials said, Goldtex Garments Limited, a Savar-based 100% export-oriented Chinese company, imported products worth Tk 5.10 crore through Chittagong port at the beginning of this month. However, the company kept the products in a warehouse in the Halishahar area of Chattogram and stored them for sale in the open market instead of keeping them in its own bonded warehouse.

As per the customs officials, for the 107 tonnes of products that have been seized were imported with a duty exemption of Tk 2.88 crore. 

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