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Customs stops five suspected fake export consignments worth Tk54.3m
Published : Monday, 7 September, 2026 at 8:59 PM
Staff Correspondent
Customs intelligence officials have stopped five suspected fake export consignments of Valmont Fashions Ltd after finding that the goods declared in the export documents were not present at the designated inland container depot.
The five consignments were worth US$438,304, or about Tk54.3 million, according to the export documents and data recorded in the ASYCUDA World system.
The consignments together declared 121,175kg of goods. However, when customs officials visited the inland container depot named in the export documents, they found no goods there.
The consignments came to the attention of the Customs Intelligence and Investigation Directorate on September 3 while officials were checking export declarations in the ASYCUDA World system.
Officials found several discrepancies in the declarations, including the destination countries, types of goods and total weight, prompting them to carry out further checks.
The goods were declared for export through Isak Brothers Industries Ltd, an inland container depot. Customs intelligence officials later visited the depot and asked its authorities to present the goods for inspection.
However, the depot authorities and the concerned clearing and forwarding (C&F) agent could not produce any of the goods.
They told the officials that the declared goods had not entered the depot at all.
This has raised questions about how customs formalities for the five consignments were completed even though the goods had not entered the depot.
The five consignments were declared for export to the United Arab Emirates and the Philippines.
The customs intelligence officials said the destinations of the five consignments warranted further checks. They also found another issue during their initial analysis.
Valmont Fashions is a bonded factory. Customs officials found that the amount of goods declared for export over the past year appeared much higher than what could normally be produced from the raw materials imported by the company.
The initial analysis suggested that the figures did not match the factory's normal input-output ratio. The main question now is how the customs process was completed without the goods entering the depot.
Normally, export goods are taken to an inland container depot, where customs procedures are completed before the goods are exported.
The Customs Intelligence and Investigation Directorate is now looking into the roles of the exporter, the C&F agent and the depot.
Officials are also checking whether any other individuals or organisations were involved in the process.
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Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000.
Phone: PABX- 41053001-06; Advertisement: 41053012; 01793317829, 01550707291, E-mail: [email protected], [email protected] Online: email: [email protected] 41053014; 01550707297 Advertisement: 01550707296
