Dhaka, April 9 -- India has revoked a key transit facility that allowed Bangladesh to transport its export cargo to third countries using Indian land customs stations en route to ports and airports, local media report.

The Central Board of Indirect Taxes and Customs (CBIC) announced the decision on Tuesday with immediate effect, the Indian Express reports.

The move comes shortly after Bangladesh's Chief Advisor Muhammad Yunus suggested that China's economic reach should extend into India's strategically important, landlocked northeast region -- a comment that has drawn scrutiny in India. However, cargo that has already entered into India may be allowed to exit Indian territory in line with the procedure outlined in the now rescinded cir...