New Delhi, April 9 -- The Indian government has terminated a key transshipment facility that allowed export cargo from Bangladesh to reach third countries via Indian land customs stations and ports.

The move was announced through a circular issued by the Central Board of Indirect Taxes and Customs (CBIC) on Tuesday.

Originally granted in June 2020, the facility had enabled Bangladesh to send goods, particularly to landlocked countries like Nepal and Bhutan, through Indian routes.

However, it has now been rescinded with immediate effect. Cargo already in transit will be allowed to exit the country under the old guidelines.

The decision comes amid rising global trade tensions, including new U.S. tariffs affecting both India and Banglade...