Yarn worth Tk 2.95 crore seized in Narayanganj

The Customs, Excise and VAT Commissionerate, Narayanganj has seized 72,944 kilograms of yarn worth an estimated of Taka 2.95 crore from four unregistered warehouses in Araihazar upazila in Narayanganj district for lacking tax invoices. A preventive team of the Commissionerate conducted the drive at four unregistered warehouses of Anik Traders, owned by Haji Mobarak Mollah, at Purinda Bazar in Araihazar around 10:00 am today, according to an official press release. During the operation, the team found China and India-origin metallic, polyester and nylon yarn without the required tax invoices. The authorities seized the yarn, whose estimated market value stands at Taka 2.95 crore. The Commissionerate has initiated legal proceedings to realise the applicable government revenue, the press release added.