BGMEA President Faruque Hassan urged the National Board of Revenue (NBR) to provide a green channel facility to RMG exporters to ensure faster delivery of imported garment raw materials through coordination between customs and port authorities.
He also called on the NBR to issue a self-clearance licence to RMG exporters to allow them to take quick delivery of imported raw materials from the ports, reads a press release.
He made the request during a meeting with NBR Chairman Abu Hena Md Rahmatul Muneem at the NBR office in Dhaka on Monday.
BGMEA Vice President Shahidullah Azim, Director Asif Ashraf and Chair of BGMEA Standing Committee on Foreign Mission Cell Shams Mahmud were also present at the meeting.
The BGMEA leaders stressed the importance of simplifying business procedures for the export-oriented apparel industry in order to retain its competitiveness in the global market.
They requested the NBR to remove customs and bond-related hindrances from the business proceedings to accelerate the growth of the RMG industry.
BGMEA President Faruque Hassan said simplified business procedures will reduce lead time and make the apparel industry of Bangladesh more competitive.
It will pave the way for seizing new opportunities that are lying ahead of the RMG industry, he added.
NBR Chairman Abu Hena Md Rahmatul Muneem congratulated the RMG sector on making an outstanding contribution to the total export earnings of Bangladesh that reached $52.08 billion in the 2021-2022 financial year where the apparel industry alone fetched $42.61 billion.
This is a great achievement and milestone for Bangladesh in the year after the country celebrated its 50th anniversary.