Dhaka relaxes cash incentive for apparel, textile exports
08 Jan 20 1 min read
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.
Disclaimer - All News/Articles items are subject to copyright and no article either in full or part may be reproduced in any form without permission from Fibre2Fashion Pvt. Ltd.
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)
Popular News
|
Chinese firm to set up $27.8 mn sock manufacturing plant in Bangladesh |
|
Australia ramps up sustainable fashion amid growing awareness |
|
US cotton exports jump 79% week-on-week: USDA |
|
Indian fashion retailers make significant strides in sustainability |
|
South Indian cotton yarn market bearish; steep fall in Mumbai |
|
Vietnam’s textile & apparel sector sees FDI revival: Reports |