CIID seals off four Toss Bond warehouses over undeclared storage

Customs Intelligence members checking documents at a warehouse.

Dhaka, Oct 2 - Customs intelligence officials have sealed off four warehouses of Toss Bond (Pvt) Limited in South Gulshan after finding goods stored in four warehouses while only two were declared or authorised by the authorities.

The Customs Intelligence and Investigation Directorate (CIID), Department of Narcotics Control and Special Response Battalion-1 (SRB-1) conducted a joint operation at the company and found preliminary discrepancies in its warehouse arrangements, according to a press release.

Toss Bond (Pvt) Limited has two authorised or declared warehouses. However, the joint team found goods stored at a total of four warehouses during its on-site inspection, it said.

This means the company was using two additional warehouses that were not among its authorised facilities, officials said.

The authorities have sealed off all four warehouses to prevent any transfer or removal of duty-free or bonded goods imported under bond facilities from the unauthorised warehouses.

The move was also aimed at facilitating further verification and investigation into the storage of bonded goods by the company.

Officials said the matter will be examined further to determine whether bonded or duty-free goods were stored, transferred or otherwise handled in violation of the applicable customs and bonded warehouse rules.

The joint operation was conducted as part of the authorities’ efforts to verify the proper storage and handling of goods imported under bond facilities. - UNB