Dhaka, Jan. 27 -- The government is reportedly losing millions of dollars in revenue each year due to the misuse of bonded-warehouse facilities in the textile sector, industry insiders say.

According to stakeholders, weak monitoring and widespread abuse of the bonded system are not only causing massive revenue losses but also creating unfair competition for local textile mills that comply with regulations.

Originally introduced to support export-oriented industries by allowing duty-free imports of raw materials, bonded-warehouse facilities are now allegedly being misused through misdeclaration, illegal sales, and unauthorised marketing in the domestic market.

Established in 1983, the Bangladesh Textile Mills Association (BTMA) represen...