BSS, Dhaka :
Bangladesh Bank (BB) on Thursday said all readymade garment (RMG) exporters outside the Export Promotion Zones (EPZs) are entailed to get additional cash incentive at the rate of 0.25 percent.
The central bank in a circular issued Wednesday said the apparel exporters including those are enjoying tariff bonds and duty drawback facilities will get the cash incentive as per its earlier directive issued on June 8 this year.
The circular was issued to remove confusion that had been appeared in the garment sector about the RMG exporters eligible for the incentive, a BB official told BSS on Thursday.
He clarified that the clothing producers and exporters inside the EPZs, however, would not get the incentive as they had already been enjoying many supports.
He referred to the earlier circular that stipulated that the incentive would be given on the freight on board (FOB) value of export of all types of RMG items.
The incentive will be offered for the exports during January 1, 2014 to June 30, 2015. An export-oriented RMG industry would be eligible for getting maximum 11 percent cash incentive.
The circular also said apparel exporters will get 3.0 percent cash incentive instead of the existing 2.0 per cent for expanding their businesses to new markets and exporting new products to countries other than the United States, Canada and the European Union.
The finance ministry last year decided to offer the additional cash incentive to the apparel sector to help them minimise the setback of the political unrest during the period and remain competitive on the global market.
Bangladesh Bank (BB) on Thursday said all readymade garment (RMG) exporters outside the Export Promotion Zones (EPZs) are entailed to get additional cash incentive at the rate of 0.25 percent.
The central bank in a circular issued Wednesday said the apparel exporters including those are enjoying tariff bonds and duty drawback facilities will get the cash incentive as per its earlier directive issued on June 8 this year.
The circular was issued to remove confusion that had been appeared in the garment sector about the RMG exporters eligible for the incentive, a BB official told BSS on Thursday.
He clarified that the clothing producers and exporters inside the EPZs, however, would not get the incentive as they had already been enjoying many supports.
He referred to the earlier circular that stipulated that the incentive would be given on the freight on board (FOB) value of export of all types of RMG items.
The incentive will be offered for the exports during January 1, 2014 to June 30, 2015. An export-oriented RMG industry would be eligible for getting maximum 11 percent cash incentive.
The circular also said apparel exporters will get 3.0 percent cash incentive instead of the existing 2.0 per cent for expanding their businesses to new markets and exporting new products to countries other than the United States, Canada and the European Union.
The finance ministry last year decided to offer the additional cash incentive to the apparel sector to help them minimise the setback of the political unrest during the period and remain competitive on the global market.
