Home / Knowledge / News / Textiles / 15 export products to receive cash incentives
15 export products to receive cash incentives
12
Sep '09
A new list of 15 exportable products, which would receive cash subsidy in the current fiscal, has been announced by the government. Two new items, plastic pet bottle flex and finished leather, have been included in this list for the ongoing fiscal.

As per the announcement on these listed products, the exporters will receive cash subsidy against net repatriation on the FOB prices (Free On Board prices) from July 1 2009 to June 30, 2010.

A circular, in this regard, has been issued by the Central Bank of Bangladesh that asked the commercial banks to follow the provisions for providing cash subsidy on the products to be exported.

Rate of cash subsidies for this fiscal is nearly similar to that of previous fiscal and it will be 10 percent on plastic pet bottle flex and 7.5 percent on finished leather, from the current fiscal.

To export agro-products such as vegetables and fruits, the government will offer 20 percent cash incentive and on leather goods it will be 17.5 percent, whereas, home-made textiles and jute goods will enjoy cash subsidy at 5 and 10 percent respectively.

Fibre2fashion News Desk - India


Must ReadView All

Respresentatives of over 30 Chinese companies in a meeting with officials of Kazakh Invest National Company; Courtesy: primeminister.kz

Textiles | On 17th Aug 2018

Kazakh-China cooperation in textiles explored in Astana

China and Kazakhstan have immense potential to cooperate in textiles...

Courtesy: Pexels

Textiles | On 17th Aug 2018

AWEX EMI closes at highest ever level of 2116ac clean/kg

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI)...

Courtesy: VF Corporation

Apparel/Garments | On 17th Aug 2018

VF Corporation shifting global headquarters to Denver

VF Corporation, one of the largest apparel, footwear and accessories...

Interviews View All

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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


August 2018

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

news category


Related Categories:

Advanced Search