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Home / Knowledge / News / Apparel/Garments / Govt to investigate illegal cash incentive drawing

Govt to investigate illegal cash incentive drawing

13
Feb '07

Government is considering the investigation of allegations regarding apparel owners and exporters drawing cash incentives from the public exchequer illegitimately.

Finance Adviser A B Mirza Azizul Islam informed media persons after a meeting with leaders of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) yesterday that Bangladeshi Government will probe the accusations.

BKMEA leaders, led by their President Md Fazlul Hoque, requested Mirza to direct banks for provision of interest free loans to members of the association against cash incentives, but he did not want to interfere in lending processes of banks.

Leaders also urged the adviser to solve the issues with Benapole landport, revise National Board of Revenue (NBR) rules, raise cash incentives and to clear misunderstandings between NBR and Bangladesh Bank. Mirza promised to discuss these matters with concerned authorities.

Regarding the appeal to increase cash incentives, he informed that revenue collection in the current fiscal is much less than expected.

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