IBNS:In a significant decision, the Bangladesh government has granted India permission to use Chattogram and Mongla ports to transit and trans-shipment cargo vessels, media reports said.
The National Board of Revenue (NBR) in Bangladesh issued a permanent standing order stating as quoted by Minit, “The permanent transit order was issued by the NBR following the completion of trial runs for the operationalization and regular movement of goods.”
Bangladeshi ports, the NBR, customs and other taxation parties involved will draw certain charges in line with the country’s tax and VAT laws. This will include fees for documentation, transhipment, security, scanning, administrative charges, an electric lock and seal fee and toll fees for using Bangladeshi roads, the order said.
With this decision, it is expected that both time and costs for transporting goods to India’s northeastern states and West Bengal will be reduced.
Situated in the southeastern region of Bangladesh, the Chattogram Port manages more than 90% of the country’s export-import trade.
