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Ctg

Ctg customs revenue up 11pc in 8 months of FY25

Despite political instability, Chattogram Customs House, the country's largest customs station, collected Tk 48,271 crore in revenue in eight months of fiscal year 24-25, a significant increase of 11 % compared to the same period in the previous fiscal year. The business leaders thought that it had been possible to collect a huge amount of revenue due to the availability of the opening of letters of credit (LCs) and stricter enforcement of tax regulations to prevent evasion.

Ramadan trade disrupted as importers delay cargo clearance

Amid the holy month of Ramadan, allegations have emerged against certain traders for stockpiling imported goods at Chittagong Port, allegedly to create an artificial crisis and drive up market prices.

According to port officials, some importers are deliberately delaying the release of their goods, effectively using the port’s yards as storage facilities. This has resulted in an artificial shortage, with approximately 40,000 Full Container Load (FCL) containers currently occupying space in the port yard and off-docks.

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