(MENAFN- KNN India)
Bangladesh grants India permanent access to Chattogram, Mongla ports Kolkata, May 1 (KNN) India has received permission from Bangladesh to use Chattogram and Mongla ports to transit and trans-shipment cargo vessels, reported Mint.
The National Board of Revenue (NBR) in Bangladesh issued a permanent standing order stating,“The permanent transit order was issued by the NBR following the completion of trial runs for the operationalization and regular movement of goods.”
While promoting regional connectivity in the Bay of Bengal, this decision will cut down both time and costs for transporting goods to India's northeastern states and West Bengal.
Bangladeshi ports, the NBR, customs and other taxation parties involved will draw certain charges in line with the country's tax and VAT laws.
This will include fees for documentation, transhipment, security, scanning, administrative charges, an electric lock and seal fee and toll fees for using Bangladeshi roads, the order said.
Situated alongside the Karnaphuli River of southeastern region of Bangladesh, Chattogram Port serves as the country's primary seaport.
The port manages more than 90 per cent of Bangladesh's export-import trade.
Mongla Port, the second-largest seaport in Bangladesh, is located near the Bay of Bengal's coastline.
(KNN Bureau)
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