Dhaka, Sept. 24 -- Customs intelligence has detected an attempt to evade Tk 1.17 crore in revenue for the government by allegedly declaring a shipment of prepared adhesive as epoxide resin, resulting in the recovery of Tk 2.39 crore in additional revenue, fines and release charges.

The Customs Intelligence and Investigation Directorate (CIID), through its Benapole Circle, brought a consignment imported by OSL Pharma Ltd under physical examination following a tip-off.

The importer had declared 30,360 kg of the goods as "Epoxide Resin" under HS Code 39073000, which carries a total tax incidence (TTI) of 33.63 percent.

Based on the declared HS code, the customs duty and taxes payable on the consignment amounted to Tk 1,01,63,070, accordin...