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Leather exports incentive maintained at 15% for 2011/12
12 Aug '11
1 min read
Bangladesh Bank has announced that the cash incentive for leather goods exports for the current fiscal 2011-12 would continue to remain at 15 percent, and would not be reduced to 12.5 percent as declared earlier.
On July 13, the Government had declared cash incentives on export of 19 items during the current fiscal, and the incentives on leather goods was slashed from last fiscal's 15 percent to 12.5 percent for the current fiscal that began on July 1, 2011.
The Bangladesh Bank circular stated that necessary steps would be initiated by the Government to provide the cash incentive, but to avail the facility, the leather exporters would need to apply for the same through proper channel.
On July 13, the Government had declared cash incentives on export of 19 items during the current fiscal, and the incentives on leather goods was slashed from last fiscal's 15 percent to 12.5 percent for the current fiscal that began on July 1, 2011.
The Bangladesh Bank circular stated that necessary steps would be initiated by the Government to provide the cash incentive, but to avail the facility, the leather exporters would need to apply for the same through proper channel.
Fibre2fashion News Desk - India
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