Exporters to get cash incentive for shoes, bags made of synthetic-fabrics mix under bond facility

BSS

05 December, 2024, 07:15 pm

Last modified: 05 December, 2024, 10:02 pm

Exporters to get cash incentive for shoes, bags made of synthetic-fabrics mix under bond facility

The Bangladesh Bank issued a circular today (5 December) stating that the government will provide 3% cash assistance for shipped goods from 1 February to 30 June

BSS

05 December, 2024, 07:15 pm

Last modified: 05 December, 2024, 10:02 pm

File photo of Bangladesh Bank/BSS

Exporters will enjoy cash incentives for shoes and bags made of a mixture of synthetic materials and fabrics under the bond and duty drawback facilities.

According to a circular issued by the Bangladesh Bank today (5 December), the government will provide 3% cash assistance for shipped goods from 1 February to 30 June 2024.

The government will also provide a 2% cash incentive for shipped goods from 1 July 2024 to 30 June 2025, the circular added.

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Earlier on 30 October this year, the central bank withdrew the cash incentive facility for shoes and bags made of a mixture of synthetic materials and fabrics under the bond and duty drawback facilities

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