Why oppose 'direct purchase'?

The report that Dhaka Customs House has requested the authorities to stop direct purchase abroad by importers was very amusing. It reminds me of another report from the last week. In that report it was said that the foreign buyers of Bangladesh's readymade garments demanded a change in the traditional international trade practice of opening Letter of Credit in the bank. In fact, all over the world import and export through opening an L/C in commercial banks is becoming obsolete as the buyers are now more inclined towards direct purchase. In this situation, it will be a regressive step if Bangladesh prohibits direct purchase. Sadly enough, the customs department has admitted its failure in controlling currency smuggling as well as under-invoicing related to direct purchase.

However, instead of requesting the authorities to prohibit direct purchase, the customs should prove its competence in detecting under-invoicing and money laundering.