The National Board of Revenue (NBR) in Bangladesh has decided to withdraw bond facilities for the import of cotton yarn ranging from 10 to 30 counts, instead opting for imports through bank guarantees. The decision, issued via an order from the NBR’s Customs, Export and Bond Branch on Monday, September 7th, has drawn strong objections from two leading apparel industry organizations, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA). These organizations are demanding the government reconsider and reverse the withdrawal of the bond facility. The change in import regulations impacts the availability and cost of essential raw materials for the ready-made garment sector. Industry leaders argue the previous bond system facilitated smoother and more affordable access to cotton yarn. Further details regarding the fallout from this decision are expected to emerge. This move signals a shift in trade policy affecting Bangladesh’s crucial apparel industry.