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BB: Export subsidy to be applicable for use of 50% jute

  • Published at 09:32 pm June 17th, 2021
Jute Bag
UNB

The subsidy applicant must have an updated license under the Jute Act, 2017

Export subsidy will be applicable at the prescribed rate for use of 50% jute in any product.

To this end, Bangladesh Bank (BB) on Thursday issued a circular.

As per the circular, if more than 50% of the value of jute products is used in products other than jute finishing products (Hesian, Seking and CBC) and jute yarn (yarn and twine), the product will be diversified jute product by any means, whether by hand or by machine.


Also Read: Bangladeshi scientists discover new antibiotics on jute seeds


In all cases, the subsidy applicant must have an updated license under the Jute Act, 2017, the circular added.

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