The National Board of Revenue has opened more land customs stations allowing rice import from neighboring India to increase the supply of rice in the domestic market following shortage of supply and soaring price of the staple.
Customs wing of the revenue board on October 24 relaxed the port restriction of rice import for Rohanpur-Singabad rail route and Akhaura-Agartala land route between Bangladesh and India.
Earlier on August 14, the NBR also opened four more land customs stations on the borders of the two countries for importing rice.
The LC stations are Shewla-Sutarkandi, Jakiganj-Karimganj, Chatlapur-Shamshernagar and Bholaganj.
Import of rice was restricted through the LC stations.
Officials said that the decision was taken following request of the private importers amid shortage of rice and price hike of the product in the domestic market due to flashfloods in the country’s northern areas and depleting public stock.
They said that the majority portion of rice imported from India entered the country through Benapole customs house and Bhomra land port.
The decision will expedite import of rice and meet domestic demand and consequently will reduce the price, they said.
The NBR in phases reduced rice import duty to 2 per cent from 28 per cent.
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