Dhaka,  Wednesday 07 Oct 2026,
04:43:55 AM

Bonded Raw Materials Go Missing, Tk 90 Million in Revenue at Risk

Staff Reporter ।। Daily Generation Times
06-10-2026 12:33:00 PM
Bonded Raw Materials Go Missing, Tk 90 Million in Revenue at Risk

Customs Intelligence and Investigation Directorate (CIID) has found a shortage of 1,335,275.8 kilograms of raw materials imported under bond facilities at Jass Accessories (BD) Limited, a bonded accessories manufacturer in Pahartali, Chattogram. The shortage has put approximately Tk 91.05 million (Tk 9.10 crore) in customs duties and taxes at risk, according to the customs authorities.

Acting on a tip-off, a team of the Customs Intelligence and Investigation Directorate conducted an inspection and verification operation on September 28, 2026, at the company’s factory and bonded warehouse located at 590, Colonel Jones Road, Uttar Kattali, Pahartali, Chattogram.

During the inspection, officials examined the stock and usage records of various raw materials imported by the company under the bonded warehouse facility.

Jass Accessories (BD) Limited imports various raw materials, including LDPE, HDPE, LLDPE, PP, GPPS, HIPS, BOPP, duplex board and rubber thread yarn, under duty-free bond facilities.

Officials compared the stock of raw materials physically available at the bonded warehouse with the quantities recorded in the company’s online usage approval records. A significant discrepancy was found during the verification.

According to the online usage approval records, the company was supposed to have 1,920,857 kilograms of raw materials in its bonded warehouse. However, physical inspection found only 585,581.2 kilograms of raw materials.

This means that 1,335,275.8 kilograms of raw materials that should have been available according to the records were not found in the warehouse. The Customs Intelligence and Investigation Directorate is now investigating the shortage of the huge quantity of raw materials.

According to customs sources, based on the declared value in the latest bills of entry, the total assessable value of the missing raw materials is approximately Tk 2.4967 billion (Tk 249.67 crore). Against this amount, the customs duties and taxes payable to the government stand at around Tk 91.05 million.

As a result, a substantial amount of government revenue is at risk due to the shortage of the raw materials.

The Customs Intelligence and Investigation Directorate is examining how such a large quantity of duty-free raw materials imported under the bond facility went missing from the warehouse. Investigators are also looking into whether the raw materials were properly used in the company’s approved production and export activities or were diverted elsewhere in violation of the conditions of the bonded facility.

The authorities are reviewing the company’s bond-related records, import and usage documents, warehouse stock records and other relevant papers. The investigation is also seeking to determine the actual cause of the shortage and identify those responsible, if any.

The Customs Intelligence and Investigation Directorate said further legal action would be taken in accordance with the applicable laws and regulations after completion of the detailed investigation and verification of the relevant documents.

The authorities will also take necessary steps to recover the government’s outstanding revenue, if the allegations are substantiated.