Dhaka, March 29 -- The commerce ministry has asked the National Board of Revenue (NBR) to take necessary steps for stopping import of yarn through all land ports with a view to protecting local industry.

It has also suggested required suitable amendment to the existing SRO (statutory regulatory order) on the issue.

The ministry sent a letter on Thursday, requesting the next course of action in this connection.

According to the information provided by the Bangladesh Textile Mills Association that received stakeholders' opinions and necessary investigations, all types of imported yarn in Bangladesh is significantly undervalued which are being imported by land ports compared to the prices declared in Chittagong Customs House.

Local such ...