Dhaka, April 16 -- The National Board of Revenue (NBR) has imposed restrictions on the import of yarn through land ports, with immediate effect, in a move aimed at protecting the domestic textile and spinning sectors.
According to a notification issued on 13 April, the NBR has suspended yarn imports through the Benapole, Bhomra, Banglabandha, Burimari, and Sonamasjid land ports.
The decision follows a recent recommendation from the Ministry of Commerce, which cited concerns over the negative impact of rising yarn imports on local textile millers.
The ministry noted that domestic manufacturers are struggling to compete, as importers often declare lower values for consignments brought in through land ports compared to those entering via th...