Dhaka, Sept. 8 -- Two leading trade bodies representing the country's readymade garment (RMG) sector have strongly objected to the National Board of Revenue's (NBR) decision to withdraw bonded warehouse facilities on the import of 10-30 count cotton yarn.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) sent a joint letter to the Commerce Minister on Tuesday, urging an immediate revocation of the decision.

Copies of the letter were also sent to the Commerce Secretary and the NBR Chairman.

According to an NBR order issued on September 7 under Section 266 of the Customs Act, 2023, bonded warehouse facilities were withdrawn for 10-30 count cotton yar...