India blocks trans-shipment facility for Bangladesh to export goods to other countries
- India has stopped a transit facility that allowed Bangladeshi exports to move through Indian customs, officially announced in a circular by the Central Board of Indirect Taxes and Customs on April 8.
- The closure could disrupt trade for Bangladesh and raise concerns for landlocked nations like Nepal and Bhutan regarding their exports to Bangladesh.
- External Affairs Minister S Jaishankar criticized Muhammad Yunus for suggesting that India's Northeast is 'landlocked' and that Bangladesh could be a maritime gateway.
- The suspension of the facility could disrupt trade for Bangladesh with countries like Bhutan and Nepal, raising concerns among trade experts.
51 Articles
51 Articles
India blocks trans-shipment facility for Bangladesh to export goods to other countries. Here's why
The government has terminated the trans-shipment facility that allowed export cargo from Bangladesh to third countries using Indian land customs stations en route to ports and airports. World
India terminates transshipment facility for Bangladesh cargo
New Delhi: India has withdrawn the transshipment facility extended to Bangladesh for sending its export cargoes to other countries through Indian territory. A circular issued by the Central Board of Indirect Taxes and Customs’ (CBIC), dated April 8, states that it has been decided to rescind the circular dated June 29, 2020, which allowed such transshipments, with immediate effect. However, cargo that has already entered into India may be allowe…
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