• Tuesday, Oct 20, 2020
  • Last Update : 08:39 pm

Government retains incentives on export products from FY20

  • Published at 08:59 pm September 21st, 2020
Web-Export
Photo: Bigstock

The 2% cash incentive also remained unchanged for the exporters of apparel products to the Eurozone in FY21 as it was awarded in FY20

The government on Monday retained the cash incentives for the current fiscal year 2020-2021 against export of products under 38 categories, which were announced in the previous fiscal.

In September last year, the Bangladesh Bank (BB) issued a circular announcing cash subsidy against export of products under 37 categories.

Later on January 30 this year, the BB issued another circular announcing 15% cash incentive against rice export.

Apart from the continuation of incentive for the sectors, the central bank’s circulars related to cash incentives would remain valid, said a BB circular issued on the day.

As per the central bank’s circular issued in September last year, additional 1% special incentive was applicable against the export of readymade garment products.

Among others, incentive against the export of consumer electronics, electrical home and kitchen would remain intact along with a number of products manufactured in economic zones and hi-tech parks.

RMG exporters were enjoying 1% additional special incentive in addition to the 4% cash incentive against export of new textile and garment products and expanding export of textile items to new markets, outside of the United States, Canada and the European Union.

Small and medium industries of the textile sector would get cash incentive at the rate of 4% against export of apparel products.

The export-oriented local textile sector would enjoy cash incentive at the rate of 4% as an alternative to duty bonds and duty drawbacks.

The 2% cash incentive also remained unchanged for the exporters of apparel products to the Eurozone in FY21 as it was awarded in FY20.

50
50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail