Liquor crisis prompts an inactive bonded warehouse to be active
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
TUESDAY, MAY 24, 2022
TUESDAY, MAY 24, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
Liquor crisis prompts an inactive bonded warehouse to be active

Economy

TBS Report
09 January, 2022, 10:25 pm
Last modified: 10 January, 2022, 12:07 pm

Related News

  • Foreign liquor to be dearer
  • Govt earns only Tk52cr from liquor imports in five years
  • North Bengal Sugar Mills wants to produce liquor
  • Decision to remove liquor, alcohol from list of categorised drugs after discussions: Home minister
  • Carew eyes higher output to meet growing liquor demand

Liquor crisis prompts an inactive bonded warehouse to be active

Ctg-based Herbertsons agreed to resume business using the NBR prescribed software

TBS Report
09 January, 2022, 10:25 pm
Last modified: 10 January, 2022, 12:07 pm
Liquor crisis prompts an inactive bonded warehouse to be active

A Chattogram based private diplomatic bonded warehouse – Herbertsons Bangladesh, which remained inactive for years, now wants to be back in business to meet the liquor demand. 

The Herbertsons, the only private diplomatic bonded warehouse under the Chittagong Customs and Bond Commissionerate, took licence in 1979, but it was not in the record of the National Board of Revenue (NBR) as the firm was not in business for a long.

Currently, six Dhaka based private bonded warehouses are operating, which kept liquor sale closed for several months resisting the use of alcohol software that the revenue authority introduced targeting digitalisation of bonded operation.

The Herbertsons want to make a comeback as sale closure of six bonded warehouses created a liquor crisis in the market. 

This warehouse agreed to resume business using the NBR prescribed software, according to NBR officials. 

The warehouse requested NBR to set a ceiling of $20lakh for importing bonded items including liquor.  

Following the licence renewal and allotment proposal from the firm, the NBR formed a committee to determine the justification of their demand. 

The committee visited the office of the warehouse and recommended allowing them a ceiling of $14lakh for importing bonded items. Of the total amount, a maximum of $8 lakh was recommended for importing liquor, according to the committee report. 

Currently, ship stores are in operation at the port city to serve the foreigners and ship crews.

According to the committee report, currently the total number of cabin crew is 26,600. The annual import requirement of alcoholic beverages stands at $5.3 million while the total import amount ceiling for six ship stores for 2021-22 fiscal year is around $2.4 million. Considering the vacuum, the NBR committee recommended that setting an import bar of $14 lakh for the Herbertsons warehouse is permissible. 

However, NBR is yet to give a final nod to the warehouse. 

When contacted, a top NBR official on the condition of anonymity said, they are reviewing the necessary documents of the warehouse.  

Meanwhile, the revenue authority is trying to issue licences against two state-owned organisations including the InterContinental hotel and the Parjatan Corporation aimed at breaking the liquor syndication of the existing six private bonded warehouses.

Top News

Liquor / Bonded warehouse facility

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

  • Representative Photo: Pixabay.
    India to limit sugar exports in risk to global food prices
  • Muhammad Abdul Mazid, Former chairman, National Board of Revenue. TBS Sketch
    Revenue growth in FY22 only because import costs have surged
  • The road lanes of the Padma Multipurpose Bridge are scheduled to be inaugurated this year. Photo: Mumit M
    Padma Bridge to be opened to public on 25 June

MOST VIEWED

  • Inflation jumps to 6.29% in April
    Inflation jumps to 6.29% in April
  • BPC hunts for dollar to import fuel oil
    BPC hunts for dollar to import fuel oil
  • Infographic: TBS
    Businesses reel under soaring costs
  • Representational Image. Photo: Wikipedia
    European buyers back AP Møller-Maersk to run Patenga Container Terminal
  • Representational Image. Photo: Mumit M/TBS
    Govt to list products to suspend imports amid dollar crisis
  • Bangladesh may face debt distress from 2032: Economic Association  
    Bangladesh may face debt distress from 2032: Economic Association  

Related News

  • Foreign liquor to be dearer
  • Govt earns only Tk52cr from liquor imports in five years
  • North Bengal Sugar Mills wants to produce liquor
  • Decision to remove liquor, alcohol from list of categorised drugs after discussions: Home minister
  • Carew eyes higher output to meet growing liquor demand

Features

The balcony railings of the Boro Sardar Bari in Sonargaon. Made of cast iron, these railings feature vertical posts with intricate designs on top. Photo: Noor-A-Alam

The evolution of railing and grille designs

7h | Habitat
A Russian army service member fires a howitzer during drills at the Kuzminsky range in the southern Rostov region, Russia January 26, 2022. REUTERS/Sergey Pivovarov/File Photo

3 months of Ukraine war : Miscalculations, resistance and redirected focus

8h | Analysis
Musk is denying the sexual harassment allegation that surfaced this week. Photo: Bloomberg

Elon Musk’s crazily banal week 

1d | Panorama
Asus Zenbook 14 Flip OLED: A touch of brilliance to your life

Asus Zenbook 14 Flip OLED: A touch of brilliance to your life

1d | Brands

More Videos from TBS

Effect of commodity price hike on lower income people

Effect of commodity price hike on lower income people

2h | Videos
The story of an 8 thousand gramophone records collector

The story of an 8 thousand gramophone records collector

3h | Videos
How to maintain a good relationship with colleagues

How to maintain a good relationship with colleagues

8h | Videos
Why are Duranta TV shows popular?

Why are Duranta TV shows popular?

21h | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
A packet of US five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron
Banking

Dollar hits Tk100 mark in open market

3
Bangladesh at risk of losing ownership of Banglar Samriddhi
Bangladesh

Bangladesh at risk of losing ownership of Banglar Samriddhi

4
PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire
Crime

PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire

5
BSEC launches probe against Abul Khayer Hero and allies
Stocks

BSEC launches probe against Abul Khayer Hero and allies

6
The reception is a volumetric box-shaped room that has two glass walls on both the front and back ends and the other two walls are adorned with interior plants, wood and aluminium screens. Photo: Noor-A-Alam
Habitat

The United House: Living and working inside nature

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

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

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab