Home / Knowledge / News / Apparel/Garments / Bangladesh reduces REX fee for RMG export to EU

Bangladesh reduces REX fee for RMG export to EU

25
Nov '20
Pic: Shutterstock
Pic: Shutterstock
Bangladesh’s Export Promotion Bureau recently reduced the service charge for the Registered Exporters System (REX) of the European Union (EU) as readymade garment exporters termed the fee illogical. The rate for verification of documents under the REX was reduced to Tk 250 from Tk 375 against each consignment of goods to be exported to the EU.

As per instructions from the EU, the government introduced a registered exporter system for the country’s exporters for shipment of goods to the European Union in July 2019 by giving registration numbers to 10 exporters.

Under the system, Bangladeshi exporters would self-certify the country of origin to avail the Generalised System of Preference facility on the EU market.

Before introducing the REX system, the commerce ministry set a service charge of Tk 375 against each consignment of export goods. The country’s apparel makers termed the charge illogical and no exporters paid the charges.

In the face of opposition from the exporters, EPB in its 140th board meeting reduced the charge and asked the exporters to pay a total of Tk 250 that included 10 per cent income tax or Tk 20 and 15 per cent value-added tax or Tk 30 on the service charge.

The government agency, in a November 16 circular, said the 140th board meeting of EPB had re-fixed the REX service charge at Tk 200 for each export consignment.

The Bangladesh Garment Manufacturers and Exporters Association on Wednesday asked all its member factories to comply with the new charge. The Bangladesh Knitwear Manufacturers and Exporters Association, however, still remains opposed to the charge and terms it illogical.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Textiles | On 15th Jan 2021

US detains cotton products from China's XUAR from Jan 13

US Customs and Border Protection (CBP) recently announced it will...

Pic: Christopher & Banks Corporation

Retail | On 15th Jan 2021

CBKC in US voluntarily files for bankruptcy protection

US specialty women's apparel retailer Christopher & Banks Corporation ...

Pic: Shutterstock

Textiles | On 15th Jan 2021

Hanoi to allocate more than $41 million to support SMEs

Hanoi will allocate VND957 billion (more than $41 million) to assist...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Virtual reality would be the new normal

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Lukas Hartmann,

Lukas Hartmann

Intex Consulting GmbH is a completely integrated enterprise resource...

Himanshu Fogla,

Himanshu Fogla

Jumac, pioneers in spinning can manufacturing in India, was founded in...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search