DOT Desk: [2] The Central Board of Indirect Taxes and Customs (CBIC) of India has set the rules for allowing goods import in sealed containers by rail from Bangladesh, reports TBS.
[3] The move is aimed at boosting trade between the two neighbouring nations, reports Indian newspaper LiveMint.
[4] According to an order of the Indian tax authority, the railway lines are being opened up for import on the bases of a request made by Bangladesh, as well as those made by central ministries in the Indian government and merchants.
[5] At present, India uses its rail to only export goods to Bangladesh. And containers coming to Bangladesh from India return empty after completing delivery.
The latest development will allow the current infrastructure – which is being used solely for imports from India – to be utilised for exports by Bangladesh.