Home textile millers again seek yarn import at concessional rates | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
May 28, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, MAY 28, 2025
Home textile millers again seek yarn import at concessional rates

Economy

TBS Report
24 August, 2021, 10:15 pm
Last modified: 29 August, 2021, 04:46 pm

Related News

  • Textile millers call for halt to yarn misdeclaration at land ports
  • Bangladeshi textile millers seek loan concession, increased LC limit
  • Banks should see how to support textile millers 
  • Textile millers to seek govt support to protect local industry

Home textile millers again seek yarn import at concessional rates

BTTLMEA wrote afresh to NBR, the commerce ministry and finance ministry seeking permission to import yarn count 6s-20s

TBS Report
24 August, 2021, 10:15 pm
Last modified: 29 August, 2021, 04:46 pm
Home textile millers again seek yarn import at concessional rates

Home textile and terry towel makers have again demanded import of yarn at a concessional rate of duty for those exporters having no bond licence to maintain the export orders amid the growing yarn crisis.

The Bangladesh Terry Towel and Linen Manufacturers and Exporters Association (BTTLMEA) again wrote to the National Board of Revenue (NBR) and the commerce ministry, finance ministry seeking permission to import yarn count 6s-20s at concessional tariffs.

Earlier, the organisation sent separate letters to the two ministries and National Board of Revenue, demanding import of yarn at the reduced rate of tax.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The letter, signed by BTTLMEA President M Shahadat Hossain Shohel, has requested for the authorisation of the import of 6 to 20 count yarn, the import of yarn at a discounted or reduced rate, imports by sea, land and rail, including other land ports.

It was also demanded to allow partial shipment of yarn against the same letter of credit (LC).

Exporters without any bond licence currently have to pay a 37% duty to import yarn.

About 90 % of the country's home textile exporters do not have bond licenses as most of them have relatively small capital. Due to this, they are not able to import due to high tariffs even in the current yarn crisis, said the people concerned.

"The statement made by the local textile mill owners that the price of yarn in our country is reasonable and normal compared to other countries is not logical," the letter reads.

The letter mentioned the comparative prices of the same count of yarn in Bangladesh, India, Pakistan and Turkey.

It also noted that Bangladesh's textile mill owners are in a better position than other countries in terms of electricity and gas prices and labour wages. However, local textile mill owners are misusing the facilities during the yarn crisis. 

Bangladesh / Top News

Textile millers

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Illustration: TBS
    'Where is the transparency in economic activities of this government?' asks Debapriya
  • Infographic: TBS
    Deadlock over key reforms: Is there any solution in sight?
  • Representational image. Photo: Collected
    Saudi Arabia to celebrate Eid-ul-Adha on 6 June

MOST VIEWED

  • Selim RF Hussain. Sketch: TBS
    BRAC Bank MD Selim RF Hussain resigns
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Depositors need not worry as govt will take over banks before merger: BB governor
  • Graphics: TBS
    Suspicious banking activities surge by 56% since July: Cenbank
  • Photo: Collected
    DU student assaulted for protesting eve-teasing at Chadni Chowk
  • Illustration: TBS
    Bangladesh sees highest-ever per capita income of $2,820 in FY25, BBS provisional data shows
  • Officials protest inside the Secretariat on Tuesday, 27 May 2025, over a government ordinance amending the Public Service Act, 2018. Photo: Rajib Dhar
    Protest at Secretariat suspended as govt assures decision on ordinance tomorrow

Related News

  • Textile millers call for halt to yarn misdeclaration at land ports
  • Bangladeshi textile millers seek loan concession, increased LC limit
  • Banks should see how to support textile millers 
  • Textile millers to seek govt support to protect local industry

Features

In recent years, the Gor-e-Shaheed Eidgah has emerged as a strong contender for the crown of the biggest Eid congregation in the country, having hosted 600,000 worshippers in 2017. Photo: TBS

Gor-e-Shaheed Boro Maath: The heart of Dinajpur

1d | Panorama
The Hili Land Port, officially opened in 1997 but with trade roots stretching back to before Partition, has grown into a cornerstone of bilateral commerce.

Dhaka-Delhi tensions ripple across Hili’s markets and livelihoods

2d | Panorama
Photo: Collected

Desk goals: Affordable ways to elevate your study setup

2d | Brands
Built on a diamond-type frame, the Hornet 2.0 is agile but grounded. PHOTO: Asif Chowdhury

Honda Hornet 2.0: Same spirit, upgraded sting

2d | Wheels

More Videos from TBS

Trump delays 50% tariffs on EU goods

Trump delays 50% tariffs on EU goods

7h | Others
Eid may be celebrated in Bangladesh on June 7

Eid may be celebrated in Bangladesh on June 7

7h | TBS Today
TSMC begins construction on US semiconductor plant

TSMC begins construction on US semiconductor plant

8h | Others
Trump's tariff policy shock: US dollar dominance under threat

Trump's tariff policy shock: US dollar dominance under threat

10h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net