The Central Board of Indirect Taxes and Customs (CBIC) announced the decision on Tuesday with immediate effect, the Indian Express reports. The move comes shortly after Bangladesh's Chief Advisor Muhammad Yunus suggested that China's economic reach should extend into India's strategically important, landlocked northeast region -- a comment that has drawn scrutiny in India. During his four-day visit to China from Mar 26 to 29, Yunus described Northeast India as “landlocked” and referred to Dhaka as “the only guardian of the ocean for the entire region”. He told the Indian Express, “Bangladesh’s plans to establish a strategic base near the Chicken’s Neck area with China’s assistance may have prompted this action. With its withdrawal, Bangladeshi exporters are expected to encounter logistical bottlenecks, higher transportation costs, and overall increased uncertainty.
