Rotting Assets: The Hidden Cost of Bureaucratic Inertia
Rotting Assets: The Hidden Cost of Bureaucratic Inertia
Chattogram Port is a stark example of bureaucratic inertia causing government losses due to rigid policies.
Chattogram Port is a stark example of bureaucratic inertia causing government losses due to rigid policies.
Unrealistic reserve prices in auctions prevent timely sales and vehicle clearance.
Unrealistic reserve prices in auctions prevent timely sales and vehicle clearance.
The lack of flexibility in bidding rules leads to repeated failed auctions.
The lack of flexibility in bidding rules leads to repeated failed auctions.
High-end imported vehicles are stuck in the port due to unaffordable reserve prices.
High-end imported vehicles are stuck in the port due to unaffordable reserve prices.
The reserve prices set by the Customs House are often exorbitant and unaffordable for buyers.
The reserve prices set by the Customs House are often exorbitant and unaffordable for buyers.
In the last auction, the total reserve price for 112 luxury vehicles was Tk180 crore, yet only Tk17 crore was offered.
In the last auction, the total reserve price for 112 luxury vehicles was Tk180 crore, yet only Tk17 crore was offered.
Experts warn that such reserve prices will lead to the accumulation of unpaid dues and further port congestion.
Experts warn that such reserve prices will lead to the accumulation of unpaid dues and further port congestion.
The current system discourages the sale of cars, leading to a buildup of inventory.
The current system discourages the sale of cars, leading to a buildup of inventory.
Reconditioned vehicles typically sell for Tk4 crore to Tk5 crore, but MPs' cars are stuck due to high reserve prices.
Reconditioned vehicles typically sell for Tk4 crore to Tk5 crore, but MPs' cars are stuck due to high reserve prices.
Experts urge the Customs House to recalculate duties and set realistic minimum prices for auctionable goods.
Experts urge the Customs House to recalculate duties and set realistic minimum prices for auctionable goods.