Related Keywords: additonal incentives cut, Bangalesh Bank, Bangladesh government, central bank issued circular, fourteen sectors including apparel, incentives reduced on finished jute producs, jute yarn, rate unchanged for new products in apparel sector, reworked on cash incentive rate, to encourage exports
The Bangladesh government has reworked on cash incentive rate for 14 sectors including apparel to encourage exports during the current fiscal year. The central bank issued a circular to this effect on Monday. According to Bangladesh Bank, exporters were given Tk 34 billion in cash incentive in the just concluded 2014-15 FY.
The circular states that incentives have reduced on finished jute products from 10 percent to 7.5 percent, on jute yarn from 7.5 percent to 5 percent and in case of leather goods from 15 percent to 12.5 percent.
