Dhaka relaxes cash incentive for apparel, textile exports

08 Jan '20
1 min read
Pic: Shutterstock
Pic: Shutterstock

The Bangladesh Bank (BB) has relaxed one per cent cash incentive provision for apparel and textile export. The bank issued a circular to its authorised dealers that made current beneficiaries of duty draw-back facility or bonded warehouse facility eligible for the incentive. The bank earlier excluded the beneficiaries from the 1 per cent incentive scheme.

The fall in export earnings in the first half of the current fiscal prompted the central bank to come up with the fresh relaxation, Bangla media reports quoted the bank as saying.

The country’s export earnings in the first half of this fiscal fell by 5.84 per cent to $19.30 billion from $20.50 billion in the same period of the previous fiscal.

Fibre2Fashion News Desk (DS)

Leave your Comments

Esteemed Clients

Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD

Recommended

Advanced Search