Reduced tariff for raw sugar to remain till 15 May | The Business Standard
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THURSDAY, JULY 10, 2025
Reduced tariff for raw sugar to remain till 15 May

NBR

TBS Report
06 March, 2022, 02:40 pm
Last modified: 06 March, 2022, 09:16 pm

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Reduced tariff for raw sugar to remain till 15 May

TBS Report
06 March, 2022, 02:40 pm
Last modified: 06 March, 2022, 09:16 pm
File Photo: Pixabay
File Photo: Pixabay

The government has decided to extend the benefit of reduced import duty on sugar for another two and a half months, according to a statutory regulatory order (SRO) from the Internal Resource Division of the Finance Ministry. 

"The existing 20% tariff benefit on the import of sugar has been extended till 15 May to keep the market stable ahead of the holy month of Ramadan," a source close to the NBR's customs department told The Business Standard.

The reduced tariff facility will be effective from 1 March, as per the order. 

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Earlier, the regulatory duty on sugar imports was reduced from 30% to 20%, which ended on 28 February.

Now, importers will have to pay Tk3,000 specific tax per metric tonne of sugar with 15% VAT, 20% regulatory duty and 2% advance income tax.
 

Economy / Top News

Sugar / Sugar Import / sugar market / sugar price

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