logo
POST TIME: 25 November, 2015 00:00 00 AM
Ctg RMG factory sued for misuse of bond facilities
BSS

Ctg RMG factory sued for misuse of bond facilities

CHITTAGONG: Customs Intelligence and Investigation Directorate officials in Chittagong yesterday filed a departmental case against the owner of a garment accessories manufacturing factory for misusing bond facilities by selling imported raw materials in the local market, reports BSS. Jakir Hossain, deputy director of Customs Intelligence and Investigation Directorate said the firm, Liberty Enterprise, located at Foteyabad in Hathazari upazila, imported 3,560 tonnes of raw materials during the last six months worth about Taka 46 crore, under bond facility, a duty free facility for importing goods on condition of export. However, the owner of the organization sold those goods in local market misusing the bond facility. A case was filed for allegedly evading duty worth about Taka 11 crore.